How Much House Can You Really Afford?

1 A lender tests your debts. It never tests your childcare, commute, or how much you want to keep saving.

2 Canada's insured-mortgage ceilings are 39 percent of gross income on housing and 44 percent on all debt.

3 UK lenders must stress your payment against likely rate rises over at least the next five years.

4 Clearing a car loan can raise your borrowing ceiling by more than a year of saving for a deposit does.

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