Major Factors That Affect the Affordability of Your Mortgage Include

question 56

Multiple Choice

Major factors that affect the affordability of your mortgage include all of the following except

• A) The amount available for a down payment.
• B) Current mortgage rates.
• C) Income.
• D) Length of the loan.
• E) Size of the home.

---

Definitions:

Conformity

The act of adjusting one's behavior or thinking to match the standards or norms of a group or society.

Arousal

The physiological and psychological state of being awoken or stimulated to action, often associated with increased activity in the sympathetic nervous system.

Difficult Tasks

Activities or problems that require significant effort, skill, or intellectual capacity to be completed successfully.

Confidence

The feeling or belief that one can rely on someone or something; firm trust.