Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your recommendation for the best financial choice in their situation. Evaluate each of the three offers, compare and contrast their effectiveness, and explain the offer that works best. As you explain your answer, support it using reasons and evidence from the calculations you made based on the information provided in this guide for Analyzing Mortgage Options.

Option A would be the best option, as the payment would not change. Option B has a lower payment, but that payment is expected to rise and eventually be a bigger payment. Option C would require them to pay it off in 8 years, which would be too much based on their income and they would end up having to get another mortgage. Option C would be better if they wanted to live their temporarily, but Demarco and Tanya would like to live in their house permanently. This makes option A the best option because it is an affordable payment that will not change.

Step-by-step explanation:

shivishivangi1679 shivishivangi1679 · Answer 2 · 2022-04-13T06:51:15+02:00

The best option will be option A which will be chosen by Demarco and Tanya.

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Finance deals with the study of money, management, creation, and investments. Also, finance is divided into the following board of categories such as personal finance, corporate finance, and public finance.

The best option will be option A which will be chosen by Demarco and Tanya as the payment plan would not change in this situation.

Option B has a lower payment, but the payment is expected to increase with time and eventually be a bigger payment.

Also, option C would require them to pay it off in 8 years but both of them want to live permanently not separately. Therefore, the best option to choose will be option A.

So, The best option will be option A which will be chosen by Demarco and Tanya.

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