The modification that can be made to make it viable is to change the interest to 5.5%.
<h3>What is a mortgage payment?</h3>
A mortgage payment is a payment back of a home loan. It's how you repay the home loan.
The purchase price is $163,000
Money earned per month is $2,986
Not willing to spend more than 25%
The down payment is $33,000
The down rate is 20%
If he changes the interest rate to 5.5%, the total payments made on an annual basis will cost less.
Thus, the correct option is b. change the interest to 5.5%.
Learn more about a mortgage payment
brainly.com/question/24174269
