contestada

Fill in the correct terms to complete the description of Mischa going through the home-buying process Mischa wants to buy a home. She has looked at the housing market. Now she needs to find a 1) ______ to become 2) _______ for a mortgage. By doing so, Mischa will know how much she has to spend on a house.

Respuesta :

Mischa needs to find Down Payment to become Eligible for a mortgage.

Getting a mortgage on a house can be a life-changing experience. For the next 20-30 years you will need to make a mortgage payment every month.

However, before you are able to get a mortgage you need to have a good credit history and you need to make some form of a down payment.

This can be typically 10-20% of the value of the house. Without this, you cannot mortgage as the bank requires you to put some money upfront.

Answer:

1) LENDER

2) PREQUALIFIED

Explanation:

PLATO