Question

question 4 of 5
which of the following are pros of buying a home? 1. builds equity 2. property taxes 3. tax benefits 4. down payment
2, 3, 4
2, 4
1, 3
1, 2, 3

Explanation:

• Building equity is a key advantage of homeownership, as the portion of the home you own increases over time as you pay down the mortgage.
• Tax benefits, such as deductions for mortgage interest and property taxes in many regions, are financial perks of buying a home.
• Property taxes are an ongoing cost (a con), and a down payment is an upfront financial barrier (a con), so these are not pros.

Answer:

1, 3