Question

Shawn has paid of his mortgage which payments is he still responsible for making

Answer 1

The correct answer would be Property Tax.

Step-by-step explanation:

Mortgages are agreements which are made between the lender and the borrower in which the lender lends money to the borrower and take his property as collateral on a fixed percentage of interest. The borrower has to pay the interest till he gives back the whole borrowed amount to the lender. In this question, When Shawn will have paid the who mortgage back, he will have his property back and then the Property tax will start and this will be the payment he will be responsible to pay after the interest amount of lending the money.

Answer 2

Property tax

Step-by-step explanation:

Shawn will be responsible for paying property tax even after he has paid off his mortgage.

Property taxes are usually paid as long as an individual owns the home, whether it is paid off or not.