hi, i’m sasha. i’m shopping for a mortgage. what should i look for? what should sasha know about shopping…

hi, i’m sasha. i’m shopping for a mortgage. what should i look for? what should sasha know about shopping for a mortgage? a. the interest rate is all that matters. b. paying private mortgage insurance will save her money on homeowners insurance. c. she should compare the aprs on different loan offers.

hi, i’m sasha. i’m shopping for a mortgage. what should i look for? what should sasha know about shopping for a mortgage? a. the interest rate is all that matters. b. paying private mortgage insurance will save her money on homeowners insurance. c. she should compare the aprs on different loan offers.

Answer

Brief Explanations:

When shopping for a mortgage, the annual - percentage - rate (APR) is important as it includes not just the interest rate but also other loan costs. Option A is incorrect as there are other factors besides the interest rate. Option B is incorrect as private mortgage insurance and homeowners insurance cover different things and paying one doesn't save on the other.

Answer:

C. She should compare the APRs on different loan offers.