1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ioda
3 years ago
9

The biggest factor in determining the price of a mortgage is

History
2 answers:
Neporo4naja [7]3 years ago
5 0
The total cost of the home. The downpayment is a portion of the mortgage, but only a small portion of the cost.  
Brrunno [24]3 years ago
3 0

Answer:

The interest rate is the biggest factor.

Explanation:

Mortgage is the guarantee of repayment of a debt in the form of a property. The term is often used to refer to the type of financing that uses a property as collateral. Mortgages are the main form of real estate financing practiced in the country, with the property itself being used as collateral for the credit granted by the bank for its acquisition. When it comes to real estate financing, it is almost certainly a mortgage, although this expression hardly appears in the advertising of financial institutions.

The main factor in pricing a mortgage is the interest rate, usually this rate is usually lower than in other types of mortgage. Although the interest rate is the main factor, it is not the only factor, there are other factors that influence the price, such as the price of the house, the negotiation of the financing, among others.

You might be interested in
What can you infer about the economy, beliefs, and technology of the Mongols from the descriptions given?
kherson [118]
You can infer that they had a very strong economy because they did not need to expand their own economy. They stole from others.
7 0
2 years ago
what territory did the united states acquire in the treaty of Guadalupe hidalgo?the gadsden purchase?
Lostsunrise [7]
<span>The territory that they acquired was present- day </span>Arizona,California<span>, </span>Colorado<span>, </span>Nevada<span>, </span>New Mexico<span>, </span>Utah<span> and </span>Wyoming<span>.</span>
4 0
3 years ago
Read 2 more answers
How did the policies of colonial states change the economic lives of their subjects?
Rufina [12.5K]

The policies of colonial states change the economic lives of their subjects through forced labors by which it was considered to have the greatest impaction cultures in the colonized areas of the world. It is because the forced labor sometimes was based on the amount of the service of the state, wherein others include additional percentage of the land which were cultivated. In addition, colonization is the exploitation of the resource that includes the people.

7 0
2 years ago
Patrick Henry made this statement in his speech at the Virginia Ratifying Convention. The purpose of the speech was to explain w
timama [110]
To support the idea that the people need a right bear arms as a means of defending themselves
4 0
3 years ago
Read 2 more answers
3. In the American economy, a person
anygoal [31]

Answer: a person is a citizen

Explanation: there is no such thing as illegal

4 0
3 years ago
Other questions:
  • All of the following occurred during the reign of Catherine the Great EXCEPT a. the release of nobles from government service. b
    12·1 answer
  • Describe the optimism of the many immigrants who sought a better life in america
    7·1 answer
  • What do a group of labor union members do?
    8·1 answer
  • Karl marx disliked capitalism because he believed that it?
    6·1 answer
  • Which sentence best describe the role of the Federal Reserve System?
    5·1 answer
  • 10. Why is the Third Amendment forgotten by so many Americans today?
    15·2 answers
  • How was the Shakya dynasty originated in Nepal?​
    6·2 answers
  • 18. One of the purposes of the Declaration of Independence was to -
    7·1 answer
  • Scenario #6
    12·1 answer
  • Both the House of Representatives and the Senate have _____________ that deal with bills according to their subject.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!