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

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17-10-2015
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A borrower may be able to get a lower rate on a loan if he or she offers to the lender a sizeable

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HistoryGuy HistoryGuy · Answer 1 · 2015-10-17T00:56:08+02:00

HistoryGuy HistoryGuy

17-10-2015

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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