Question

Should a person typically use savings, short-term debt, long-term debt or do without in this situation?

getting a mortgage for a new home

savings


do without


short-term debt


long-term debt

Answer 1

long-term debt

Explanation:

long-term debt because most people cant pay a mortgage in 12 months. You shouldn't use savings for a house unless you absolutely have to.

Answer 2

Short time debt. Mainly this helps you because you’ll most like your blow your short time debt money off on the house. Or whatever you get. It works better for costumer so you actually pay it off and you wont risk yourself.