When obtaining a mortgage you should
A) apply for the maximum amount you can afford, since the house will be an appreciating asset.
B) let a real estate agent or some other expert choose the type and length of mortgage you will need.
C) maintain some funds for liquidity purposes to cover unanticipated bills.
D) be very conservative and apply only for a mortgage amount you can pay off within 10 years.
Answer: C
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