Sometimes, lenders allow or require a down payment before they extend you the loan. What would be the advantage to the lender.?

Question

Lina20 [59]

3 years ago

15

Sometimes, lenders allow or require a down payment before they extend you the loan. What would be the advantage to the lender.?

What would be the advantage to the borrower.?

Mathematics

1 answer:

Alona [7] · Answer 1 · 2022-05-28T17:34:36+03:00

Alona [7]3 years ago

6 0

Answer:

The advantage to the lender would be that he’s getting money & if the person doesn’t pay the rest of the price they at least got some money , and the advantage for the borrower is that they can pay the rest later.

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