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5 June, 09:37

What does the value of collateral or down payment affect

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  1. 5 June, 11:10
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    The question above has multiple choices as follows.

    the amount borrowed

    the interest rate

    the lender’s perceived risk

    the repayment schedule

    the credit cards available

    The answer is the amount borrowed the interest rate and the repayment schedule.

    Basically, loans secured by collateral incur lower interest rates that unsecured loans. You credit score will also say a lot about you in terms of the amount borrowed and repaid money. Lower interest rates are offered to borrowers with huge down payments.
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