Why having a lot of equity doesn't mean you can borrow more.

It seems one of the hardest things to understand as a consumer, why your maximum loan amount has relatively nothing to do with the equity you have. "Why cant I borrow more, I have loads of equity", in lending it sounds like which of these apples is more lemony? The two things are entirely unrelated. And yet I see where you are coming from - you figure there's no way you won't make your repayments because you have too much to lose, and even if you did the bank wouldn't be out of pocket. I hear you. I get it. But none of that means you can *actually* afford your repayments. It doesn't say where the money is coming from to make them and it doesn't say that the repayments won't put you into hard

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