Income experts suggest that people should spend 30 percent or less of their total income over their rent or mortgage payments. Hence, option A holds true.
What is a rent or a mortgage payment?
Making payment for the purpose of possession of an asset, which is not owned by such individual making the payment, is known as a rent or a mortgage payment. It only implies the right to use such asset in a manner prescribed.
Rent or mortgage payments are recurring in nature, and are to be paid out of the monthly income made by an individual. In order to lead a financially sound life, they shall not cross 30 percent of the total income.
Hence, option A holds true regarding the rent or mortgage payment.
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