Looking for the answer to the question below related to Mortgage?
Which combination of factors would result in the lowest monthly mortgage payment?
Options:
A. Big down payment, a longer term loan, and low interest rate
B. Small down payment, a shorter term loan, and small interest rate
C. Small down payment, a shorter term loan, and high interest rate
D. Big down payment, a shorter term loan, and high interest rate
The Correct Answer Is:
- C. Small down payment, a shorter term loan, and high interest rate
Conclusion
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