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.

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