Read the following passage and mark the letter A, B, C, or D on your answer sheet to indicate the correct answer to each of the questions from 34 to 38. Paying off a home mortgage poses a substantial challenge for numerous homeowners, requiring a great deal of financial planning and discipline. While possessing a home can symbolise stability and financial security, discharging the mortgage could prove to be an intimidating task. Various factors can complicate mortgage payments, ...

Read the following passage and mark the letter A, B, C, or D on your answer sheet to indicate the correct answer to each of the questions from 34 to 38.

Paying off a home mortgage poses a substantial challenge for numerous homeowners, requiring a great deal of financial planning and discipline. While possessing a home can symbolise stability and financial security, discharging the mortgage could prove to be an intimidating task. Various factors can complicate mortgage payments, including exorbitant interest rates, escalating housing costs, and unforeseen financial emergencies.

The primary impediment to paying off a mortgage is high-interest rates, which can cause homeowners to pay a considerable amount in interest charges over the loan's lifespan, resulting in challenges to quickly pay off the mortgage and leading to financial distress. Moreover, rising living costs can pose difficulties for homeowners to keep up with their monthly mortgage payments, especially for those on fixed incomes or limited budgets. What is more, abrupt job losses, medical emergencies, or unforeseen repair costs can rapidly drain homeowners' savings, making it difficult to pay the mortgage on time.

To overcome these barriers, homeowners must create a robust financial plan that includes a realistic budget and an emergency fund. Homeowners can also consider refinancing their mortgage to obtain a lower interest rate or taking on additional work to increase their income.

Which of the following can be the best title for the passage?