What expenses do you need to budget for in addition to the mortgage payment itself?

In this chapter, we learned how mortgages are used to help people purchase a home. Please research at least two of the following topics and report your findings: How do you “qualify” for a home mortgage, that is, what conditions must be met for a bank to approve your home loan? What expenses do you need to budget for in addition to the mortgage payment itself? What are the pros and cons of home buying vs. renting? Directions Participation in Discussion Boards is a required part of this class (5% of your overall course average). The requirements for this graded Discussion Board are: Your initial post is due by the 3rd day of the Discussion Board and must contain at least 100 words. You must respond to at least two classmates, and your response posts must contain at least 50 words. Please answer any questions posed in the instructor’s response to your post(s). All posts should be relevant to the week’s topic(s) and should include substantive, correct math content. All posts should be grammatically correct – please use Spellcheck as necessary. Please use APA citation format if you get help from another source (our textbook, another book, a website, etc.). Try to use your own words![order_button_a]