Which of the following statements is true.
1. The higher your interest rate, the higher your monthly mortgage payments.
II. The higher your down payment, the higher your monthly mortgage payments.
III. A 30 year mortgage fixed at 6% will have smaller payments that a 20 year mortg
a. I only
b. ll only
c. I, II, and III
d. I and III
Please select the best answer from the choices provided