To improve your debt serviceability, consider these steps:

  1. Avoid taking on new debt
  2. Create a budget and cut expenses
  3. Try to negotiate lower interest rates on credit cards
  4. Make more than the minimum payment on credit cards
  5. Consider applying non-interest earning savings towards debt
  6. Explore refinancing with a mortgage professional

Remember, lenders assess your debt servicing ratios and credit score when evaluating mortgage applications. Improving these factors can lead to better interest rates. If you have questions or need assistance, book a call today.