As we enter home buying season, do the addition on the house season, or anything similar, chances are, you would be speaking with a mortgage broker or a banker.
The tendency is for people to take out as much as they can to buy that house or accomplish that home project, but there is a more basic question:
Just because you can take out a big loan, should you take out a big loan to get that addition or buy that house?
Though this article is about Canadians, the concepts are the same.
