Guess it all depends on how much the borrower wishes to borrow. I know when I walked into the bank for my first mortgage, what I wanted to borrow to what the bank was willing to give me were polar opposites. The bank even asked me to borrow more than I wanted and use the extra to go on a holiday / buy a new car / install a pool / house extension etc...
When I told the banker, "no, I'll wait too I save some $$$ before doing that" the shock horror on their face is priceless. I guess a lot of young adults take the extra money and the regret it later on?
