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A mortgage loan in which the borrower makes a down payment of 5 percent of the purchase price using money loaned to him by a family member is riskier than a loan in which the borrower accumulates the down
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A mortgage loan in which the borrower makes a down payment of 5 percent of the purchase price using money loaned to him by a family member is riskier than a loan in which the borrower accumulates the down payment through regular savings.

User Sam Dolan
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Answer:

Given statement is TRUE.

A mortgage loan in which the borrower makes a down payment of 5 percent of the purchase price using money loaned to him by a family member is riskier than a loan in which the borrower accumulates the down payment through regular savings.

User Pranav Dave
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