Ken is buying a $200,000 house. Which factor is the least important for determining how big his full monthly mortgage payment will be?

a.) current interest rates
b.) stock market prices
c.) the size of his down payment
d.) local property tax rates

Respuesta :

C the size of his down payment.

Answer:

b.) stock market prices

Step-by-step explanation:

The least important factor for determining how big the full monthly mortgage payment will be is - stock market prices.

Current interest rate is the most important factor as the monthly payments are based on the interest rates charged. The higher the rate, the higher the payment.

The down payment size is also important, as the more you pay in down payment, the less will be the loan amount and the monthly payment will also be less.

The local property tax is also a factor that you have to look at when buying a house in a particular state. You will have to pay state taxes also.

Therefore, only the stock market price is the factor that is not important.