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:

Mode of Transportation

Different methods used for moving people or goods from one place to another, such as road, rail, air, or sea.

Transportation Infrastructure

The foundational facilities and systems serving a country, city, or area, including roads, bridges, tunnels, railways, and ports, used for the movement of people and goods.

Investment Decisions

The process of making choices about where to allocate resources in order to generate the highest possible returns.

Carrier

A carrier is an entity that undertakes the transportation of goods or passengers from one place to another, including airlines, shipping lines, and trucking companies.