Alyssa's monthly mortgage costs are lower than those of her neighbor, Steven. Steven doesn't understand how this is possible because Alyssa paid more money for her house. What could be the reason for this difference in costs?

Alyssa has a higher-paying job than Steven
Steven has lived in his house longer than Alyssa
Alyssa got a better interest rate on her loan
Steven has a lot of medical bills to pay back

Question

Alyssa's monthly mortgage costs are lower than those of her neighbor, Steven. Steven doesn't understand how this is possible because Alyssa paid more money for her house. What could be the reason for this difference in costs?

Alyssa has a higher-paying job than Steven
 Steven has lived in his house longer than Alyssa
 Alyssa got a better interest rate on her loan
 Steven has a lot of medical bills to pay back

TyDaGreatest · Answer

Which of these do you think it could be

TyDaGreatest · Answer

Well you can automatically rule out A and D

theyadoreshayyy · Answer

C?

TyDaGreatest · Answer

yep

Angle · Answer

Here are some further explanations of each option:

A. A higher paying job would allow Alyssa to buy a more expensive house
B. Mortgage payments are divided evenly among many years, the amount of time does not affect the monthly cost
C. A better interest rate would cause the monthly cost to be less
D. Medical bills do not affect mortgage payments

theyadoreshayyy · Answer

thank youuuu <3