Which of the following is the best advice in determining how large a mortgage you can afford?

Question

Quizplus · Accepted Answer

It is always a good idea to be conservative with your estimates when determining how much mortgage you can afford. Taking on a mortgage that is too large can result in financial stress and potentially defaulting on the loan. Therefore, it is better to opt for a mortgage that is less than what your cash flow indicates you can afford. This way, you can comfortably make your mortgage payments without compromising your financial security.

Which of the Following Is the Best Advice in Determining