Respuesta :
potential interest rate based on bank (lender) risk
monthly payment and term (length of the loan payments)
monthly payment and term (length of the loan payments)
The value of collateral or down payment affect the:
- amount borrowed
- interest rate
- lender's perceived risk
What is a collateral or down payment?
These means the initial deposit or transfer of ownership that are required to secure a loan facility.
However, these value of collateral or down payment affect the amount borrowed, interest rate and lender's perceived risk.
Read more about collateral
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