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erma4kov [3.2K]
3 years ago
14

What affect the interest rate has on your monthly mortgage payment.

Mathematics
1 answer:
Elanso [62]3 years ago
3 0

Answer:

Down payment

In general, a larger down payment means a lower interest rate, because lenders see a lower level of risk when you have more stake in the property. ... Mortgage insurance, which protects the lender in the event a borrower stops paying their loan, adds to the overall cost of your monthly mortgage loan payment.

Step-by-step explanation:

this is the correct answer you want please follow me and make me brainlist

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Step-by-step explanation:

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