When Obtaining a Mortgage You Should

question 68

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 realtor 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.

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Definitions:

Substrates

A substance or layer that underlies something, or on which some process occurs, in various scientific fields, it often refers to the base on which an organism grows or the substance enzymes act upon.

Cofactor

A coenzyme or metal ion that associates with an enzyme and is necessary for its function.

Hexokinase

An enzyme that catalyzes the first step in glucose metabolism, converting glucose to glucose-6-phosphate.

Phosphate Group

A chemical group consisting of a phosphorus atom bonded to four oxygen atoms, crucial for energy transfer in biological organisms.