March 24, 2023
Does having an overdraft affect getting a mortgage?
MortgagekivablgAn overdraft is a facility that allows you to withdraw money from your account even if you don’t have enough funds to cover the transaction. This can be helpful in an emergency, but it’s important to remember that overdrafts are a form of borrowing, and they can come with fees and interest charges. If you’re thinking about applying for a mortgage, you might be wondering if having an overdraft will affect your chances of being approved. The short answer is that it could. Lenders will take your overdraft into account […]
