The Average New Mortgage Amount Reaches a Record High

Image source: Getty Images.

While it doesn't influence our opinions of products, we do receive compensation from partners whose offers appear here. We're on your side, always. See our full advertiser disclosure here.

Taking on too high a mortgage is dangerous. If you do so, you risk not only falling behind on your payments, but struggling with other bills as well. That, in turn, can damage your credit score and, in a more extreme scenario, put you at risk of losing your home to foreclosure.

Source Fool.com