Can a high credit card balance prevent you from getting a mortgage?
Your debt is always taken into account. If your income can
handle the credit debt and the mortgage there should be no problem.
High credit card balances do not mean bad credit. Late or no
payments make bad credit. Your better off with a high balance on a
credit card that you pay regularly than no credit at all.
Related Q&A：
Well, if you're planning to carry a large balance on your credit card, here are some features you should look for. First off, you gotta pay attention to the interest rate, oh my goodness! A low interest rate is crucial to save you a ton of money. Also, check for any balance transfer offers or introductory rates. Another thing, look for cards that offer rewards or cashback, that could be a nice bonus. And don't forget about the annual fee, you definitely don't want a card with a high one if you're carrying a big balance. So, do your research and make a smart choice!
