Case Study: Personal Financial Planning Answers

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1
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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
2
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✔ option A only option C onlyoptions A and C only all three options

A
✔ option A only
B
option C only
C
options A and C only
D
all three options
3

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
4

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
5

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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Case Study: Personal Financial Planning Answers…