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What is my maximum loan amount?

What is my maximum loan amount?

A very wise question. Many loan applicants look at their borrowing power as communicated by a lender, and think that this is the amount they need to borrow.

It's wise to think in terms of what you can afford to borrow. That is to say - how much debt can you take on that won't have a negative impact on your life, regardless of whether your financial circumstances remain the same, or change in the future.

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