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hanyburner
hanyburner hanyburner
  • 16-10-2015
  • History
Answered

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

Verified Answer :

HistoryGuy HistoryGuy
  • 16-10-2015

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.

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