What is the definition of Mortgage Affordability?

"Mortgage affordability" is like trying to fit a square peg (the mortgage payment) into a round hole (your monthly budget). It's the sweet spot where your monthly mortgage payment doesn't feel like you're drowning in debt, but more like you're doing a great job saving for retirement.

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Here's an unsettling example sentence: "After months of meticulously crunching numbers on my mortgage affordability, I just realized I've decided to invest in a new lawnmower, not my dream house."