Question

Which of the following factors does not affect the mortgage payment?

A. The length of the loan
B. The borrower's credit score
C. The type of material the home is built from
D. The down payment

Answer 1

i think it,would be the type of material, C.

Answer 2

Option C is the correct answer.

Explanation:

The following factors does not affect the mortgage payment- The type of material the home is built from.

A mortgage can be defined as a loan where ones property is used as a collateral. The mortgage payment is based on property price, interest rate, down payment, the term of the loan, taxes, various insurance like homeowners insurance etc.

But it does not depend on the material type by which the house is built.

So, option C is the correct answer.