Question

Which of the following will affect the size of your monthly mortgage payment?

Answer 1

Correct answer choices are:

Size of down payment

Length of mortgage

Purchase price

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Explanation:

For anyone seeking to finance a home, the volume of your average lease return is a fundamental concern. The value of your monthly mortgage will change your estimates for the period of your mortgage cycle, which may extend decades into the eternity. While each circumstance is distinct, these three circumstances will play a fundamental purpose in restricting the volume of your average debt installment.

1. The extended the duration of your debt, the lower the average cyclical return.

2. A framed rate never varies, any undertaking how much the demand varies over the course of your mortgage. Changeable rates are influenced by fluctuations in the exchange and will vary.

3. The greater the dimension of your down payment, the lower your average debt adjustment will be.

Answer 2

The things that will affect the size of your monthly mortgage payment are :

- The size of your down payment, the bigger your down payment the lower your monthly payment would be
- The Length of your mortgage, 
- The Purchase Price of the house , the more expensive the house the bigger your monthly payment would be<span />