If the value of one’s house increases, all the following will most likely rise EXCEPT:(1 point)

Responses

House insurance
House insurance

Escrow payment
Escrow payment

Mortgage principal
Mortgage principal

Property tax
Property tax

1 answer

If the value of one’s house increases, all the following will most likely rise EXCEPT:

Mortgage principal

The mortgage principal is the original loan amount that was borrowed and does not change with the increase in the house's value. Other items such as house insurance, escrow payments, and property taxes are likely to rise with an increase in property value.