Select the best answer for the question.

A home mortgage is usually borrowed for how long?

A. 20-30 years
B. 10-15 years
C. 15-25 years
D. 5-10 years



Answer :

To determine the best answer for how long a home mortgage is usually borrowed, let's consider the typical time periods that are common in the mortgage industry.

A home mortgage is often taken out for a lengthy period to make the monthly payments more manageable and to spread out the loan over many years. The options we're given are:

A. 20-30 years
B. 10-15 years
C. 15-25 years
D. 5-10 years

Among these choices, the most common loan terms for home mortgages are indeed between 20 and 30 years, as this provides a good balance of more affordable monthly payments over a longer period.

Therefore, the best answer is:
A. 20-30 years.