We generally think about our borrowing capacity in terms of buying property – the higher your borrowing capacity, the more you can borrow. Sounds pretty simple.
What do you mean by "borrowing capacity"?
What factors impact your borrowing capacity?
How do I increase my borrowing capacity?
Money in vs money out
Reduce your credit card limit
Cancel unused credit cards
Reduce your debt
Increase your income
Consider a joint loan
Review your credit reports
Find out how much borrowing capacity you have with Wisr
Get a rate estimate – it only takes two minutes and won't affect your credit scores.
Disclaimer: This article contains general information only, and is not general advice or personal advice. Wisr Services does not recommend any product or service discussed in this article. You must get your own financial, taxation, or legal advice, and understand any risks before considering whether a product or service discussed in this article may be appropriate for you. We have taken reasonable efforts to ensure that the information is accurate at the time of publishing, but the information is subject to change. We may not update the article to reflect any change.