15 1 point A financial institution offers a 25 year mortgage

Last updated: 11/1/2023

15 1 point A financial institution offers a 25 year mortgage at 6 25 per year and a 20 year mortgage at 6 75 per year Why might someone select the mortgage with the higher interest rate To increase the value of their home b To pay less overall principal over the amortization period To have lower monthly payments d To pay less overall interest over the amortization period