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CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY
Pretest
Question 3
3
lesson pretest
Multiple Choice
Pretest
Question 3 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY
What is the best reason for homebuyers to create a budget before taking out a mortgage?
Answer
A
to figure out how long they can stay in their home
B
to set aside enough money to refinance the loan
C
to compare the value of their home with that of their neighbors
D
to plan how to pay off the money they have borrowed
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