Answer:
B
Explanation:
Mortgages prevent government regulation of property but involve higher taxes
One of the benefits of getting a mortgage is that it enables people to buy houses and the costs of a mortgage is that it results in large interest payments.
What is a mortgage ?
Mortgage is the process of providing something as security or collateral for a loan. Mortgages are loans from banks or other financial institutions that help borrowers buy a home. The mortgage mortgage is the house itself. This means that if the borrower fails to pay the lender monthly and the loan defaults, the lender can sell the home and get the money back.
Mortgages are usually long-term debt of 30, 20, or 15 years. During this period (also known as the "term" of the loan), the individual needs to repay both the principal borrowed and the interest charged on the loan.
What is interest?
Interest refers to the cost of borrowing. When a loan is paid or a loan is made, it begins to occur or total. Interest is computed as a percentage of the remaining amount of the loan (or deposit) and is paid regularly to the lender for the privilege of spending the money. The amount is usually calculated at an annual rate, but interest can be calculated over a period longer or shorter than a year. Interest can be calculated using various methods. At times, it is computed at a rate which is beneficial to the lender.
Hence the correct answer is D.
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