vannaerae
vannaerae vannaerae
  • 21-03-2018
  • Mathematics
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which factor would make a bank think that a prospective buyer would be more likely to pay a mortgage on time?

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roussiso000
roussiso000 roussiso000
  • 21-03-2018
The best answer is "The buyer paid over 20% of the sales price of the home as a down payment." This indicates that not only is the buyer paying above the minimum down payment, which means he/she has more cash than the minimum needed to purchase the home, but also that the monthly payments, interest, and total loan will be lower. All of this indicates a less risky prospective borrower.
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