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Albert made a down payment on a condo. Which of the following is true because of the down payment? (5 points)
- the condo insurance may be lower
- this is less risky for lenders
- the loan rate may increase
- this is less appealing to the lender

Respuesta :

jayilych4real

The answer choice which is true because of the down payment is:

  • B. This is less risky for lenders

Based on the fact that Albert already made a downpayment for the condo which he wants to stay in, this would make it less risky for the lenders because he has already made a payment commitment.

What is a Condo?

This is a large property complex which is divided into many smaller sublets as each of those units are owned separately.

Therefore, the correct answer is option B

Read more about condos here:

https://brainly.com/question/8394762

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