Respuesta :

Here are seven key factors that affect your interest rate that you should know
Credit scores. Your credit score is one factor that can affect your interest rate. ...
Home location. ...
Home price and loan amount. ...
Down payment. ...
Loan term. ...
Interest rate type. ...
Loan type.

Answer:

Step-by-step explanation:

The mortgage payment is based on property price, interest rate, down payment, the term of the loan, taxes, various insurance like homeowners insurance etc. But it does not depend on the material type by which the house is built.