To increase your borrowing capacity there are a few “levers” you can pull. The most obvious is to increase your income. But this is often easier said than done. The second is to reduce your commitments. The easiest of which is to reduce (or cancel) credit card limits. You should also look at getting rid of personal loans or car loans or HELP debts if you need to increase your borrowing power. But before you use your savings to pay off debts we suggest you talk to us as savings may be more important than paying down debts. As always, this needs to be considered on a case by case basis.
Recent Posts
