🚨 Credit cards could be costing you $25,000 in borrowing power 🚨 Thinking about buying a home or investment property? Your credit card limits matter more than most people realise. 💳 General rule of thumb: For every $5,000 credit card limit, banks may reduce your borrowing power by around $25,000. Why? Lenders don’t care if your credit card balance is $0. They assess repayments on the full limit, assuming it could be maxed out at any time. 📉 Multiple cards = reduced borrowing power 📈 Lower l
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581 reactions · 42 shares | Don’t listen to mortgage brokers when it comes to this  #mortgagebroker #mortgageadvice #mortgages #mortgagetips #mortgageadviser #buyingahouse #propertyinvesting #investingtips #investingforbeginners #propertytok #homebuyertips #homebuyer | Abi Hookway | Facebook
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