Unless you are taking out a home loan to purchase a home in your budget amount you probably want to seriously evaluate the burden that a bank loan (or any other loan) can put on your lifestyle.  Sure, you may get what you want immediately, but then you have to pay it back and the interest just increases the cost of the item.  Unless it is something critical that you need to take care of such as medical emergencies or car emergencies, you probably would be better off to wait until you have the money saved up to purchase that new sofa or TV.

Anyone that has taken out a loan and then sat down and evaluated out the benefit of the loan plus the cost of the itnerest on top of paying off the loan realizes that it's a whole lot cheaper to wait.

I had a friend that used to tell her kids to see if they still wanted an item as badly the day after they had seen it as they did when they first saw it and if they did then perhaps they should go ahead and buy it.  That makes sense to me, I look things over, think about them and decide the following day if I still want it.  Sure keeps me from buying a lot of stuff that I don't really need.

Now, in our hotel business there were times when there wasn't an option but to borrow money, the light bill was due and there wasn't enough money to cover it right then, hello bank, can you help us out will you loan us the money for the operating expense coverage, we will pay it back almost immediately (waiting for direct bill payments) but we need the money now.  That meant that the bill, for what ever amount it was, just increased by a minumum of 7.5%.  Not a good idea, but sometimes necessary.