Question

Which of the following statements is true?

a. a 30 year fixed mortgage will always result in the lowest payment
b. you must have atleast a 20% down payment to get a competitive interest rate
c. the lower your interest rate is, the lower your monthly payment is
d. the faster you pay off your mortgage, the lower your monthly payments are

Answer 1

c. The lower your interest rate is, the lower your monthly payments are.

on edge 2021 (:

Answer 2

The answer is b is the correct answer