Which of the following is the best advice in determining how large a mortgage you can afford?
A)Get the most you can borrow to get the home you want
B)Whatever the banks will offer based on your TDS and GDS ratios
C)Less than what your cash flow indicates you can afford
D)The maximum that your cash flow indicates you can afford

Question

Quizplus · Accepted Answer

It is important to consider what your cash flow (income and expenses) indicates you can afford, rather than borrowing the maximum amount the bank offers or getting the most you can borrow. This will help ensure you are able to comfortably make your monthly mortgage payments without stretching your finances too thin.

Which of the Following Is the Best Advice in Determining