In this chapter, we learned how mortgages are used to help people purchase a home.
Please research at least two of the following topics and report your findings:
- How do you “qualify” for a home mortgage, that is, what conditions must be met for a bank to approve your home loan?
- What expenses do you need to budget for in addition to the mortgage payment itself?
- What are the pros and cons of home buying vs. renting?
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