Describe key considerations involved in the rental or purchase of housing by addressing the following:

a. Identify two advantages and two disadvantages of rented housing.

b. Identify two advantages and two disadvantages of owning a home.

c. As stated in the introductory section for this assignment, you will purchase a home for this project. If you were actually in the market for housing and not under the requirement to purchase, indicate if you prefer to rent or to own your housing and provide your rationale.

d. Describe the process for purchasing a home including the research, mortgage application, real estate sales contract, and closing aspects.

e. Describe the purpose of closing costs and glve three examples. As part of your answer, define the term points and indicate why a person would want to pay this amount