Borrowing money, whether is for a home loan or using a credit card, you have to be vigilent of your capacity to repay. As a business management teacher and also an estate agent, I have warned many people about borrowing money when the interest rate is low. It is advisable to take into account of worst case scenario, such as if interest rate were to interest by 2% each year for the next 5 years; a spouse loses regular income; change in family profile, etc. We all have dreams of owning our own home, but please don't turn a dream into a nightmare - DO NOT live beyond your means!