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I'm thinking of borrowing a few bucks for a new home but one of the questions that I've noticed come in lately is "your total credit card limits".
My true credit limits is insane and would significantly affect borrowing power.... how does everyone else get around this?
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Your putting to much emphasis on credit limits.
I have been asked this question often, have always answered truthfully and found it has never affected my borrowiing power.
Income and liabilities are what matter when applying for a loan. These will definitely affect your borrowing power.
From a bank's point of view your income and liabilities are what will ultimately determine your ability to service a loan.
Cheers
Sheriff