Q1-3.

PERSONAL FINANCE CASE STUDIES CASE STUDY - HOUSE PURCHASE Up until now the Marcottes have lived in an apartment organizing their financial records, while getting settled in their new environment. Now that it has been a few months, and the car issue has been taken care of, like several others, it is time to be thinking about a permanent place to live. Although, it has been only 6 months since they have moved to Birmingham, they feel strongly about buying rather than renting. One of the considerations is that the new job has a few unknowns, a second being that Mrs. Marcotte may not be able to find a job, and they may have to move yet again. Keeping the above considerations in mind, the Marcottes now need to consider answering the following questions. Q1. What are the advantages of buying vs. renting for the Marcottes? Name three. Q2. What steps do the Marcottes have to go through, in order to be successful in finding a right fit for their housing needs? Q3. What are the different mortgage options available for the Marcottes