Question

question 10
2.5 pts
when buying a home, all of the following are factors one should consider, except
once you decide how much you can afford, identifying a specific home you desire.
considering a condominium as an alternative to purchasing a house.
evaluating the homes for sale in your target area.
borrowing as much as the lender is willing to loan you since the mortgage interest is tax deductible and may result in a larger tax refund.

Explanation:

When buying a home, one should not borrow as much as the lender is willing to loan just because mortgage interest is tax - deductible. Over - borrowing can lead to financial strain. Identifying a desired home within affordability, considering alternatives like condominiums, and evaluating homes in the target area are valid factors.

Answer:

borrowing as much as the lender is willing to loan you since the mortgage interest is tax deductible and may result in a larger tax refund.