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

1 answer

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.