Question

For which person would renting a home be a better option than getting a

mortgage?
O A. Someone who does not have a lot of money for an initial
investment
OB. Someone who considers a home to be an investment that will
grow in value
O C. Someone who enjoys performing maintenance tasks in his or her
home
O D. Someone who wants his or her monthly payments to rema
stable for years

Answer 1

Renting a home is a better option than getting a mortgage for someone who does not have a lot of money for an initial investment.

Step-by-step explanation:

Renting a home would be a better option than getting a mortgage for someone who does not have a lot of money for an initial investment. When renting, the upfront costs are generally lower since you do not have to make a down payment or pay for closing costs. This can make it more accessible for individuals who are short on funds.

In comparison, getting a mortgage requires a substantial initial investment, usually in the form of a down payment. This can be a barrier for someone with limited financial resources.

For example, consider a student who has recently graduated from college and is starting their first job. They may not have saved up enough money for a down payment on a house, but they still need a place to live. Renting would be a more feasible option for them in this situation.

Learn more about Renting a home vs getting a mortgage