What does the value of collateral or down payment affect? Check all that apply.

Question

Phoebe Ortiz

History

8 May, 14:34

What does the value of collateral or down payment affect? Check all that apply.

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Answers (2)

Know the Answer?

Myla Green · Answer 1

Potential interest rate based on bank (lender) risk

monthly payment and term (length of the loan payments)

Travis Hanson · Answer 2

If your choices are the following:

the amount borrowed

the interest rate

the lender’s perceived risk

the repayment schedule

the credit cards available

then the answers are the following:

he amount borrowed

the interest rate

the repayment schedule