Debt Decoded: What Lenders Actually Care About
The myth that you need to be completely debt-free to buy a home stops countless potential homeowners from even trying. The truth? Not all debt is created equal, and understanding the difference could be your key to mortgage approval.
Lenders don't just look at your income and deposit—they scrutinize every financial commitment against your borrowing capacity. That $5,000 credit card you hardly touch? Banks assume it's maxed out. Those seemingly innocent buy-now-pay-later accounts for clothes and electronics? They're chipping away at your borrowing power with every purchase.
Take Ryan and Mel…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.