asked 116k views
5 votes
Choose all that apply.

Select each of the factors you should consider when shopping for a mortgage.

APR
interest rate
cost of homeowner's insurance
loan period
fixed or variable rate
property taxes

2 Answers

3 votes
APR, Interest Rare, Loan Period, fixed or variable rare. 
answered
User Arvin Rezaei
by
7.7k points
5 votes

The factors that you should consider when shopping for a mortgage are:

APR,

Interest Rate,

Loan Period,

fixed or variable rate.

Lower amount for your annual percentage rate and interest rate would considered to be for you before shopping for a mortgage. Longer loan period is generally better and the value of fixed or variable rate would be depended on the condition of future market. (if you think prices would increase, choose fixed over variable rate)

answered
User Khakishoiab
by
8.2k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.