Debt can be a helpful tool when used responsibly, but it can also be harmful when not managed properly. Sometimes, good debt can turn into bad debt, and vice versa.

When does a mortgage, commonly viewed as good debt, become bad debt?

Choose $1$ answer:

Choose $1$ answer:

$($Choice A$)$

when you renovate your home

A

when you renovate your home

$($Choice B$)$

when your home's value decreases significantly

B

when your home's value decreases significantly

$($Choice C$)$

when you pay off the mortgage early

C

when you pay off the mortgage early