How Much to Borrow on a New House

I never liked to borrow money.  Making mortgage payments is something I hate even more.  When it came down to borrowing money I was defiantly tempted.  I wondered how much can I borrow for a mortgage?  

Purchasing a new home has always been a dream of mine but I had one set back which is money. A rule I found out when borrowing money for a mortgage is that the house you buy should cost no more than three year’s salary.   Also when borrowing money for this purpose the amount shouldn’t be higher than 2 or 3 times of what you make.  My own personal rule is not to spend more than I make which is sometimes hard to follow. As long as you are able to pay back your loan all you have to do is enjoy your new home.