What best explains the relationship between a borrower’s credit score and a down payment requirement?

A.Someone with a high credit score may be required to make a higher down payment.

B.Someone with a high credit score may be required to make a lower down payment.

C.Someone with a low credit score may be required to make a lower down payment.

D.Someone with a low credit score may not have to make a down payment.

the one that best explains the relationships between borrower's credit score and a down payment requirement is :
B. Someone with a high credit score may be required to make a lower down payment
Someone with high credit score usually correlated with Economic stability

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majocgonzalez majocgonzalez · Answer 2 · 2019-11-26T14:32:29-05:00

Answer:

B.Someone with a high credit score may be required to make a lower down payment.

Explanation:

A down payment is an initial payment that is made when you are buying things like real state or a car and the rest of the payment is made with a loan. So, when people ask for a loan to the bank, the amount approved and the initial payment are affected by the credit score the person has. If the person has a high credit score, he/she can get a higher loan which will require a lower down payment but if the person has a low score, then that person will get a lower amount and will require a higher down payment so the bank will be willing to lend the money. According to this, the sentence that best explains the relationship between a borrower’s credit score and a down payment requirement is someone with a high credit score may be required to make a lower down payment.