Question: Multiple Select Question Select all that apply Which of the following can affect mortgage affordability? Your job description Your down payment Your neighbors The amount

Multiple Select Question

Select all that apply

Which of the following can affect mortgage affordability?

Your job description

Your down payment

Your neighbors

The amount of income you earn

The length of the loan

Mortgage rates

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Multiple Select Question

Select all that apply

The benefits of a conventional

15 -

year or

20 -

year mortgage usually include:

a lower rate than a

30 -

year mortgage

a faster equity build

-

up than a

30 -

year mortgage

a lower closing costs than a

30 -

year mortgage

a quicker pay

-

off of the loan than a

30 -

year amortization

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Multiple Choice Question

The one drawback of a conventional

15 -

year or

20 -

year mortgage when compared to a

30 -

year mortgage is:

interest expense that is not tax deductible

higher points

higher closing costs

higher monthly payments

Need help? Review these concept resources.

Read About the Concept

Multiple Select Question Select all that apply Which of the following

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