Ask yourself these 2 questions : Is there a better alternative ? Am I ready to commit” for 20~25~30 years ?
The other alternative is simply watch my grandparents hard work go out the window so my dad can get out of debt from his new car and house updates he didn't actually need.
Ouch ! Obviously I don’t have the full story and it seems quite complicated. Usually, the loan should be no more than 1/3 of your income.