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Making a down payment on a loan often _________ a. decreases monthly payments. b.increases the loan's interest rate

Guide :High School

Making a down payment on a loan often _________ a. decreases monthly payments. b.increases the loan's interest rate. c.makes borrowers financially

Making a down payment on a loan often _________ a. decreases monthly payments. b.increases the loan's interest rate. c.makes borrowers financially unappealing. d.makes lenders uneasy
The correct answer is a. decreases monthly paymentsThis is correct because by making a down payment, your overall loan sum is smaller which means that your monthly payment is lowered. ...

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