Question

1. jonah just purchased his first home and is now searching for a mortgage. he happens to have excellent credit. what is most likely to be true about jonah’s interest rate?

non - existent
low
high
unfair

Explanation:

In mortgage lending, a borrower with excellent credit is seen as a low - risk borrower. Lenders typically offer lower interest rates to low - risk borrowers because they are more likely to repay the loan on time. The option “non - existent” is impossible as all mortgages have an interest rate. “High” interest rates are for high - risk borrowers, and “unfair” is not related to creditworthiness - based interest rate determination. So the most likely true statement about Jonah's interest rate is that it is low.

Answer:

B. low