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Which of the following best describes how much interest you will pay overall on a home loan?

A. How many other houses are there for sale in your neighborhood?
B. The average price of houses in the area
C. Your rating on credit score currently
D. The kind of vehicle you operate

1 Answer

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The sentence that best describes how much interest you will pay overall on a home loan is C. Your rating on credit score currently

What Is a Mortgage?

A mortgage is a kind of loan that is used to buy or keep up a house, land, or other real estate. The borrower consents to repay the lender gradually, usually by making a number of consistent installments that are split between principal and interest. Then, the asset is used as security to get the loan.

The easiest way to sum up the total amount of interest you will pay on a house loan Your current credit score rating Your creditworthiness is represented numerically by your credit score, which is determined by your financial conduct and credit history.

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