Which of the Following Is Not a Recurring Housing Cost

question 101

Multiple Choice

Which of the following is not a recurring housing cost?

• A)Mortgage payments
• B)PITI
• C)Points
• D)Maintenance and operating costs
• E)Homeowner's insurance

---

Definitions:

Contractual Duties

Obligations that parties agree to perform under the terms of a contract.

Terminate

To bring to an end or conclude something, such as a contractual agreement, employment, or a process.

Repudiation

The refusal to fulfill or acknowledge contractual obligations, often leading to a breach of contract claim.

Material Breach

A significant violation or failure to comply with a contractual duty, which can lead to the contract's termination.