Description
Explore three different Internet sites for providers of home mortgages or consumer credit.
Create a 350-word mind map in which you explain the differences in the mortgages or credit terms and which would be best for you.
Include the following:
- What are the terms of the mortgage or credit agreement?
- What are the differences in the different choices for this type of credit agreement?
Analyze in 175 to 350 words the choice that is best for you and why.
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Explanation & Answer
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Running head: INCOME AND MORTGAGE MIND MAP
Income and Mortgage Mind Map
Name
Institution
Date
1
INCOME AND MORTGAGE MIND MAP
2
A 15-Year mortgage requires one
to look on the job security since
if you lose the job, you may not
have enough money to qualify for
the 30-year mortgage.
In a 15-Year mortgage, one can
save money and at the same time,
no additional money to invest for
other financial goals.
Job Situation
Finances
In a 30-Year mortgage, one
can take care of ...