In determining the amount of your loan, you should ask for about 20% more than you need in order to give yourself financial flexibility in the future.

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Quizplus · Accepted Answer

It's generally not advisable to borrow more than you need because it can lead to unnecessary debt and higher interest costs. It's better to accurately calculate the required amount and potentially explore other options for future financial flexibility.

In Determining the Amount of Your Loan, You Should Ask