Why do lenders often refuse to finance 100 percent of the cost of a purchase, requiring borrowers
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Why do lenders often refuse to finance 100 percent of the cost of a purchase, requiring borrowers to make a down payment that covers a portion (typically from 10 to 25 percent) of the purchase price? After all, a lender could potentially earn more by financing the entire purchase amount.
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There are a few reasons why lenders might refuse to finance the entire cost of a purchase One ...View the full answer
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