Case Study: Personal Financial Planning Answers

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What expenses do you need to budget for if you choose to buy a home? Check all that apply.a mortgage paymenta rent paymenthomeowners insurancerenters insuranceproperty taxesa security deposita down paymentutility payments

A
a mortgage payment
B
a rent payment
C
homeowners insurance
D
renters insurance
E
property taxes
F
a security deposit
G
a down payment
H
utility payments
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Which housing choice fits within your recommended monthly budget of $650-780?

Answers:
Selection 1:options A and C only
Which option requires you to have at least $24,000 saved?:option A only
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What expenses do you need to budget for if you choose to rent a home? Check all that apply.a mortgage paymenta rent paymenthomeowners insurancerenters insuranceproperty taxesa security depositutility payments

A
a mortgage payment
B
a rent payment
C
homeowners insurance
D
renters insurance
E
property taxes
F
a security deposit
G
utility payments

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Case Study: Personal Financial Planning Answers…