Answered

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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
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