To determine the best answer for how long a home mortgage is usually borrowed, let's consider the typical time periods that are common in the mortgage industry.
A home mortgage is often taken out for a lengthy period to make the monthly payments more manageable and to spread out the loan over many years. The options we're given are:
A. 20-30 years
B. 10-15 years
C. 15-25 years
D. 5-10 years
Among these choices, the most common loan terms for home mortgages are indeed between 20 and 30 years, as this provides a good balance of more affordable monthly payments over a longer period.
Therefore, the best answer is:
A. 20-30 years.
