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2 votes
Making a down payment reduces the

A) desire of a lender to loan money
B) creditworthiness of a buyer
C) sale price of a house
D) loan principle amount

2 Answers

7 votes
D is the correct answer.
User Shay Rojansky
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3 votes

Answer:

D) loan principle amount

Step-by-step explanation:

The loans are contracted at an interest rate and for a specified period. When a loan is repaid before the repayment date, you may get a discount on the loan amount amount. This is because the interest rate is applied over time (days, months or year) and if you pay before maturity, it will be applied in proportion to the time you used the loan.

User Kokodoko
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7.7k points