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Gwar [14]
2 years ago
10

Which of the following statements is true.

Social Studies
1 answer:
alexgriva [62]2 years ago
5 0

Answer: The answer is :  d. I and III

Explanation:

I- The interest rate on a mortgage has a direct impact on the size of a mortgage payment: Higher interest rates mean higher mortgage payments.

While both loan types have similar interest rate profiles, the 20-year loan typically offers a lower rate to the 30-year loan. The spreads change over time, but the 20-year is typically about a quarter a percent lower than the 30-year.  

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