Ask Question
14 January, 15:31

People most likely need to take out a mortgage when they

have bad credit.

are making a large purchase.

are spending less than $1,000.

have legal problems.

Answers (1)
  1. K
    14 January, 16:53
    0
    The correct answer is are making a large purchase.

    A mortgage means that the bank gives you a sum of money but will become the owner of your property until you pay that money back. Usually, this is a lot of money, so you wouldn't really take out a mortgage unless you were buying something which demands a lot of money, or have a lot of debts you would be unable to pay otherwise.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “People most likely need to take out a mortgage when they have bad credit. are making a large purchase. are spending less than $1,000. have ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
Sign In
Ask Question