What is the best advice regarding mortgage financing?

Question

Quizplus · Accepted Answer

A pre-approval certificate does not guarantee mortgage approval, as it is subject to further checks. It's important for individuals to be involved in choosing their mortgage type and length, rather than leaving it entirely to an expert, to ensure it aligns with their personal financial goals and situation. Selecting the maximum payments based on cash flow can be risky if financial circumstances change. Therefore, ensuring mortgage payments do not absorb all excess income is prudent advice, allowing for financial flexibility and the ability to handle unexpected expenses.

What Is the Best Advice Regarding Mortgage Financing