Question

Which of the following statements is true.

I. The higher your interest rate, the higher your monthly mortgage payments.
II. The higher your down payment, the higher your monthly mortgage payments.
III. A 30 year mortgage fixed at 6% will have smaller payments that a 20 year mortgage fixed at 6%.

a.I only
b.II only
c.I, II, and III
d.I and III

Answer 1

I think d is the answer
Hope this’ll help

Answer 2

Hey there!

Your answer is:

Option D.
I and III

Hope this helps
Have a great day (: