what must people taking out a mortgage agree to? check all that apply.\n□ a loan amount\n□ plans for…
what must people taking out a mortgage agree to? check all that apply.\n□ a loan amount\n□ plans for repairs\n□ an interest rate\n□ renovation ideas\n□ payment terms
Answer
Brief Explanations:
When taking out a mortgage, borrowers must agree on the loan amount they are borrowing, the interest rate they will pay, and the payment terms which detail how and when they will repay the loan. Plans for repairs and renovation ideas are not part of the core mortgage - agreement elements.
Answer:
a loan amount, an interest rate, payment terms