Which of the following is an advantage of buying your home over renting? (1 point) Responses You do not have to worry about the housing market in your area. You do not have to worry about the housing market in your area. The amount you pay each month is set by the terms of your mortgage. The amount you pay each month is set by the terms of your mortgage. If something breaks, you have to fix it or pay to have it fixed. If something breaks, you have to fix it or pay to have it fixed. Your mortgage payments will far exceed the value of your home.
The amount you pay each month is set by the terms of your mortgage.
The advantage of buying your home over renting is that the amount you pay each month is set by the terms of your mortgage.
The advantage of buying your home over renting is that the amount you pay each month is set by the terms of your mortgage. To determine the correct answer, you should carefully read each statement and evaluate which one presents a clear benefit of buying a home instead of renting. In this case, the statement "The amount you pay each month is set by the terms of your mortgage" indicates that buying a home provides stability in terms of monthly payments, as they are predetermined by the mortgage agreement. This allows you to have a predictable and potentially more manageable monthly expense compared to renting, where rental rates can increase at the landlord's discretion. Therefore, the correct answer is "The amount you pay each month is set by the terms of your mortgage."
