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✓ RegionMoney & Work
Unused credit card limits can slash your home loan approval
Banks count even zero-balance credit card limits as debt when assessing mortgage lending capacity.
Why it mattersBuyers often don't realise these debts cut their borrowing power, potentially costing them $100,000 or more in loan approval.
AustraliaAustralian home buyers can improve their mortgage approval amount by reducing credit card limits and paying off ancillary debts before applying.
✓ Claims checked against the source and corrected before publish. checked 2 h ago
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