501,211 views
17 votes
17 votes
What is the best reason for homebuyers to create a budget before taking out a mortgage?

User Jmasterx
by
2.6k points

1 Answer

13 votes
13 votes

Answer: The best reason for home buyers to create a budget before taking out a mortgage is to plan how to pay off the money they have borrowed. A mortgage is a type of loan, usually emitted by Banks, in which a person receives cash up front in order to buy a house.

You're Welcome!

User SnailCrusher
by
3.4k points