Which of the following will affect the size of your monthly mortgage payment?
AThe size of your down payment
BThe length of your mortgage
CThe purchase price of your house
DAll of the above

Respuesta :

Loan size, Interest rate, loan term, taxes and insurance. These will affect your monthly mortgage payment.

Correct answer choice is:


D. All of the above.


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Explanation:


For anyone seeking to finance a home, the volume of your average lease return is a fundamental concern. The value of your monthly mortgage will change your estimates for the period of your mortgage cycle, which may extend decades into the eternity. While each circumstance is distinct, these three circumstances will play a fundamental purpose in restricting the volume of your average debt installment.


1. The extended the duration of your debt, the lower the average cyclical return.


2. A framed rate never varies, any undertaking how much the demand varies over the course of your mortgage. Changeable rates are influenced by fluctuations in the exchange and will vary.


3. The greater the dimension of your down payment, the lower your average debt adjustment will be.