Your absolutely right, but the loan issuers were facilitating people coming to those decisions. I remember when my wife and I bought our house just before the

Your absolutely right, but the loan issuers were facilitating people coming to those decisions. I remember when my wife and I bought our house just before the bottom fell out. The loan officer couldn't believe we were only getting pre-approved for a mortgage that was a maximum of 10% of our gross income. She tried (somewhat) to upsell our Max loan balance, but we stood firm.