Which of the following is an advantage of buying your home over renting?

(1 point)
Responses

You do not have to worry about the housing market in your area.
You do not have to worry about the housing market in your area.

The amount you pay each month is set by the terms of your mortgage.
The amount you pay each month is set by the terms of your mortgage.

If something breaks, you have to fix it or pay to have it fixed.
If something breaks, you have to fix it or pay to have it fixed.

Your mortgage payments will far exceed the value of your home.

1 answer

The correct response indicating an advantage of buying your home over renting is:

The amount you pay each month is set by the terms of your mortgage.

This means that, unlike rent which can increase over time, your mortgage payment remains stable based on your loan agreement, providing predictability in your housing costs.

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