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8 January, 11:39

Sometimes, lenders allow or require a down payment before they extend you the loan. What would be the advantage to the lender.? What would be the advantage to the borrower.?

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  1. 8 January, 13:38
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    The advantage to the lender would be that he's getting money & if the person doesn't pay the rest of the price they at least got some money, and the advantage for the borrower is that they can pay the rest later.
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