Wow
Quite a few interesting comments. Some information I never would have considered either. I have been doing a bit of research but it appears I will have to do quite a bit more so that I can broker the best deal for me and not the bank.
Thank you everyone for the comments.

wow thanks for that posative feed back. Now at least I should be able to approace a lender with a general idea of what I am able to do. Only problem now is trying to find a property in that price range.