Answered

Discover new information and insights with the help of IDNLearn.com. Join our community to receive prompt, thorough responses from knowledgeable experts.

Select the best answer for the question.

A home mortgage is usually borrowed for how long?

A. 15-25 years
B. 5-10 years
C. 10-15 years
D. 20-30 years

Sagot :

GinnyAnsweridn
When considering a typical home mortgage term, it is important to note the lengths of time that are most commonly offered by lenders.

A. [tex]$15-25$[/tex] years: While it is common to see some mortgages in this range, it is not the most common range.

B. 5-10 years: This range is relatively short for a standard home mortgage and is uncommon for most home buyers.

C. 10-15 years: Though some mortgages do fall within this range, they are generally shorter than what most people opt for when buying a home.

D. 20-30 years: This range is the most common for home mortgages. The majority of home loans are offered as either 20-year or 30-year terms, making it the most suitable answer for the typical length of a home mortgage.

Considering these points, the best answer to the question "A home mortgage is usually borrowed for how long?" is:

D. 20-30 years
Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. Your questions deserve accurate answers. Thank you for visiting IDNLearn.com, and see you again for more solutions.