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Hi, is this true? heard that banks are reducing the maximum mortgage quantum based on the number of credit cards the applicant has, so even if you’re not using your credit limit, you could still be penalised just for holding a credit card.I'm debt-free,I have 5 credit cards but all cleared.no bad records.
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1 Answer

The best person to answer your question will be the bankers themselves. This is the latest MAS loan policy implemented for home loans to cap at 60% TDSR. The best way to clarify your doubt will be getting an in principle approval by the banks.

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