Mathematics

Nia

23 July, 02:29

How would a bigger down payment be beneficial to borrowers?

a. A bigger down payment is only beneficial for a person applying for a home loan.

b. A bigger down payment is essentially a bribe to the dealership, guaranteeing a few extra bells and whistles for free.

c. A bigger down payment means that the borrower has more money, and can afford a bigger loan.

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

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