How would a bigger down payment be beneficial to borrowers?

Question

Mathematics

Baby Doll

4 March, 10:56

How would a bigger down payment be beneficial to borrowers?

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Answers (2)

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Bumper · Answer 1

This would be beneficial in the way that they wont have to continuously pay lots of money for it monthly, and over time you can build up more money so that you wont be in debt.

Johanna Marquez · Answer 2

A bigger down payment is money paid toward principal, interest free, which also decreases the amount paid monthly.