Question

what expenses do you need to budget for if you choose to rent a home? check all that apply. a mortgage payment a rent payment homeowners insurance renters insurance property taxes a security deposit utility payments

Explanation:

• A mortgage payment is for homebuyers, not renters, so it's excluded.
• Renters pay rent, so "a rent payment" applies.
• Homeowners insurance is for property owners, renters need renters insurance, so "renters insurance" applies.
• Property taxes are paid by property owners, not renters, so excluded.
• Renters often pay a security deposit, so "a security deposit" applies.
• Utility payments (like electricity, water) are typically paid by renters, so "utility payments" applies.

Answer:

B. a rent payment, D. renters insurance, F. a security deposit, G. utility payments