What’s Your Borrowing Power? [HOW TO INCREASE IT IN 2024]

[@MortgageBrokerAustralia]

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[@DS-dh7rm]

I will be coming to you guys after I saved my genuine deposit. You guys are great and will be glad if you guys can help me for my first home . I am CA and CPA working as CFO in same industry from last 6 years with same job with 1 depended and single earner .

[@MortgageBrokerAustralia]

Looking forward to helping you! Cheers

[@nigelfusi4392]

Thank You

[@MortgageBrokerAustralia]

You're welcome

[@rogershell2241]

Some good advice on paying off your debts and cutting up credit cards and reducing spending but I worry, about borrowing the maximum and being a slave to their mortgage.

[@MortgageBrokerAustralia]

thanks for watching

[@Ryoka1]

HECS HEX :)

[@MortgageBrokerAustralia]

Thanks for watching!

[@gabinovivar]

Is this true? Closing the credit card will help?

[@MortgageBrokerAustralia]

Sure does, helps increase borrowing power!

[@gabinovivar]

@@MortgageBrokerAustralia positive? I have 20k I can borrow in credit cards which I don't use and my borrowing power for a nurse was pretty low. Which is why I am here.

[@MortgageBrokerAustralia]

Thanks Gabino, the $20k credit card will negatively reduce your borrowing power by about $140,000. So closing or reducing the limit can help increase borrowing power!