When Obtaining a Mortgage, You Should

question 95

Multiple Choice

When obtaining a mortgage, you should

• A) apply for the maximum amount you can afford, since the house will be an appreciating asset.
• B) let a real estate agent or some other expert choose the type and length of mortgage you will need.
• C) maintain some funds for liquidity purposes to cover unanticipated bills.
• D) be very conservative and apply only for a mortgage amount you can pay off within 10 years.

---

Definitions:

Destructive Thought

Negative or harmful patterns of thinking that can impair mental health and lead to maladaptive behaviors or attitudes.

Eating Watching TV

The habit of consuming food while viewing television, which can lead to mindless eating and potential negative health outcomes.

Tracking Methods

Techniques and tools used to monitor and record progress towards specific health, nutrition, or fitness goals.

Training

A process of learning and development aimed at improving skills and competencies for a specific purpose.