Question
Susan is a first-time home buyer. She wants to keep her monthly mortgage payments as low as possible. Which of the following would work in her favor?
Multiple choice question.
A low interest rate
A high inflation rate
A short-term loan
A high interest rate
Multiple choice question.
A low interest rate
A high inflation rate
A short-term loan
A high interest rate
Answers
GPT-4o mini
To keep her monthly mortgage payments as low as possible, the option that would work in Susan's favor is:
**A low interest rate**
A low interest rate would result in lower monthly payments compared to a high interest rate. Therefore, this option is the best choice for keeping her mortgage payments manageable.
**A low interest rate**
A low interest rate would result in lower monthly payments compared to a high interest rate. Therefore, this option is the best choice for keeping her mortgage payments manageable.