Indicate how the changes in the following elements would impact the mortgage constant: Element Impact on Mortgage

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Indicate how the changes in the following elements would impact the mortgage constant:

Element Impact on Mortgage Constant A. Decreased frequency of loan payment B. Increase in interest rate C. Decrease in term of loan D. Decrease in interest rate E. Increased frequency of loan payment F. Increase in term of loan G. Increase in interest rate and decrease in term of loan H. Decrease in interest rate and increase in term of loan I. Reduced frequency of loan payment and increase in term of loan Possible answers are:
1. Increase in mortgage constant 2. Decrease in mortgage constant 3. Can’t tell from the information given

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