You are correct if you checked off $$Not enough information$.$ Having $20\%$ for a down payment is a very good start, but what other questions should you ask Morty in order to help him understand if he$$s ready to buy a piece of real estate? Check all that apply.

$1.$

Have you calculated your overall expenses as a homeowner, and how they compare with your income?

$2.$

Have you checked how your balance sheet would look like after you buy the apartment vs how it looks now?

$3.$

If you need to buy furniture, house d$$cor and other household items, do you have a plan for how to pay for those things?

$4.$

In addition to the $20\%$ down payment, do you have enough money for closing costs?

$5.$

How much would your monthly mortgage payment be$?$

$6.$

If the place needs renovating, do you have enough money for it$?$

$7.$

How much are the maintenance, property taxes and homeowner$$s insurance going to be$?$