No. of Recommendations: 8
Lenders/mortgage brokers loan the amount you can painfully pay back.

The guidelines almost assure you will not be able to fund retirement and pay the mortgage.

Why is it the fault of the lender if the buyer decides to buy more home than they can realistically afford?

The lender has no fiduciary responsibility to ensure that you are saving 10% in your retirement account in addition to being able to make the monthly payment.

My mortgage costs me less than 10% of my annual income. I have no desire to spend more on such even though I could certainly qualify for more.
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