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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 lend…

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 lend…
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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

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User Jaeeun Lee
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2 Answers

3 votes

Answer:

A) decreases monthly payments

Step-by-step explanation:

answered
User Gil Shulman
by
8.4k points
3 votes
The correct answer is
a. decreases monthly payments

This 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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User Valora
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8.0k points
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