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You could meet the house payments under the front and back ratio guidelines, but in doing so you may qualify for a larger loan than you want to pay! The loan payments might not leave you with enough money to meet other important needs such as college funding, starting a business, or saving for retirement. These goals have a significant impact on your personal budget.
On the other hand, you may just be starting out with your first home. You may not have all these competing goals and expect your income to rise. For these reasons you may feel you're in a position to buy the maximum amount of home.
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