Question

The biggest factor in determining the price of a mortgage is :

A the down payment

B the interest rate

C the lender

D the total cost of the home

Answer 1

The correct option is B

Step-by-step explanation:

Interest rate is the biggest factor because if you dont find a low interest rate when buying a house, you will end up paying much more than the total cost of the house.

Answer 2

I believe the answer is: D the total cost of the home

Average mortgage price in united states is between 3-6% of the total cost of the home. While other options above might influence the cost of the mortgage, the amount wouldn't even nowhere near the amount that influenced by the total cost of the home which most likely exceed $100,000