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.

Question

Social Studies

Grady Pena

18 October, 20:33

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.

+3

Answers (1)

Know the Answer?

Adyson Singleton · Answer 1

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.

People most likely need to take out a mortgage when theyhave bad credit.are making a large purchase.are spending less than $1,000.have legal problems.

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.