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Today, 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.

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Answers (1)
  1. Today, 21:01
    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.
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