Lenders Tend to Like to See Borrowers Put Down Large

question 105

True/False

Lenders tend to like to see borrowers put down large down payments for loans because this is seen as increasing the borrower's desire to pay off the loan since the borrower now has equity in the collateral.

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Definitions:

Beriberi

A disease resulting from lack of vitamin B1, thiamine.

Vitamin B

A group of water-soluble vitamins that play significant roles in cell metabolism.

Thiamine

A water-soluble B vitamin (B1) essential for glucose metabolism and normal nerve, muscle, and heart function.

Amenorrhea

Absence of menses; without menstruation.