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  • 26-04-2018
  • Business
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Which combination of factors would result in the lowest monthly mortgage payment?

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AnonymousProfile
AnonymousProfile AnonymousProfile
  • 26-04-2018
A combination of a big downpayment, a longer term loan, and a lower interest rate is expected to result into a low monthly mortgage payment.
This reason is due to the fact that longer term payment at a low interest rate will be much profitable for the lender despite the low monthly payment being asked from the lendee.
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