You are shopping around for a mortgage and want to pay as little interest as you can over its life. Which of the following should you do$?$

Question $3$Answer

a$.$

Choose the mortgage rate with the highest effective annual rate.

b$.$

Pass on any options for early repayment.

c$.$

Amortize the mortgage over $20$ years as opposed to $25$ years.

d$.$

Make mortgage payments once a month as opposed to twice a month.

e$.$

Make the smallest down payment possible.