Which of these is NOT an advantage to renting a home rather than buying a home?
A. stable rent prices
B. fewer tax responsibilities
C. ability to relocate more easily
D. fewer property responsibilities
Which statement is TRUE regarding owning a home?
A. It is an easy way to begin building your credit.
B. Owning a home results in very little tax burden on an individual.
C. Mortgage payments usually do not change much- if at all- each year.
D. There are no rules preventing you from doing whatever you want to your house.
Equity refers to which of these?
A. monthly payments
B. the value of your home
C. tax exemptions in your home
D. property taxes that are due each year
Answers: 1
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