A mortgage with a 20% down payment will have a higher APR than one with less than 20% down.

Name: A mortgage with a 20% down payment will have a higher APR than one with less than 20% down.
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Question

Quizplus · Accepted Answer

The amount of down payment does not directly affect the APR (annual percentage rate) of a mortgage. However, a higher down payment may result in a lower interest rate, which can ultimately impact the overall cost of the mortgage.

A Mortgage with a 20% Down Payment Will Have a Higher