A borrower may be able to get a lower rate on a loan if he or she offers to the lender a sizeable

Question

History

Micaela

9 January, 02:15

A borrower may be able to get a lower rate on a loan if he or she offers to the lender a sizeable

+3

Answers (1)

Know the Answer?

Ryder Nixon · Answer 1

A borrower may be able to get a lower rate on a loan if he or she offers to the lender a sizeable "down payment", since this payment reduces the risk that the lending institution is taking on loaning to the borrower.