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28 March, 16:28

Which combination of factors would result in the lowest monthly mortgage payment?

A.) Big down payment, a longer term loan, and a low interest rate

B.) Big down payment, a shorter term loan, and high interest rate

C.) Small down payment, a shorter term loan, and high interest rate

D.) Small down payment, a shorter term loan, and small interest rate

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Answers (2)
  1. 28 March, 16:29
    0
    Your answer is going to be A.
  2. 28 March, 16:57
    0
    The combination is A. Big down payment, longer term loan, and a low interest rate

    Big down payment will cut a huge chunk of the loan from the beginning of the term. Longer term will divide the payment into smaller pieces so the amount could be lowe, Low-interest rate will reduce the percentage that will be added to your total debt.
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Home » History » Which combination of factors would result in the lowest monthly mortgage payment? A.) Big down payment, a longer term loan, and a low interest rate B.) Big down payment, a shorter term loan, and high interest rate C.
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