describe one downside to borrowing the maxi...

One major downside of borrowing the maximum you’re allowed (whether it’s a mortgage, personal loan, or student/federal loan) is the long‑term financial strain from high repayments and interest costs.

When you borrow up to the limit, your monthly repayments jump, your budget tightens, and you have far less room to handle surprises like interest‑rate rises, job loss, or big repair bills. Over years, the extra interest you pay on that larger balance can add up to many thousands in extra cost, making it harder to save, invest, or hit other life goals.