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7 July, 15:10

What must people taking out a mortgage agree to? Check all that apply.

a loan amount

plans for repairs

an interest rate

renovation ideas

payment terms

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Answers (1)
  1. 7 July, 16:30
    0
    The answers are; a loan amount, interest rate and payment terms. First it has to be determined a loan amount based on the purchase price and the down payment, then the interest rate will be suggested by the financial institution and may be somewhat negotiable if the bank or credit union has a good financial relationship with the client, ie good credit and then the terms of payment re how often to pay and it is usually advisable to pay by the week to pay down the interest faster and also find out how much can be paid back as lump sums and how often without a penalty.
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