Question: Sometimes, lenders allow or require a downpayment before they extend you the loan. What would be the advantage to the lender? What would be the

Sometimes, lenders allow or require a downpayment before they extend you the loan. What would be the advantage to the lender? What would be the advantage to the borrower?!

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Thats right a down payment is upfront cash a borrower pays towards a purchase before getting a loan ... View full answer

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