Mortgage Quiz - True
or False
1. A large down payment will save you
more money on
your mortgage overtime than a small
down payment.
2. A 15 year mortgage will save you more
money overtime
than a 30 year mortgage.
3. Making extra principal payments saves
you money.
4. Interest rates is the main factor in
determining the
cost of a mortgage.
5. You are more secure having your home
paid off than
financed 100%.
If you are unsure of the answer
to one or more of these statements you should contact us today to discuss your current
situation.
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