Question
Having a good credit score, making a larger down payment, and finding a cosigner with good credit are all ways to...
A.
Decrease your principal
B.
Decrease your interest rate
C.
Increase your term
D.
Increase your total payments
A.
Decrease your principal
B.
Decrease your interest rate
C.
Increase your term
D.
Increase your total payments
Answers
GPT-4o mini
The correct answer is **B. Decrease your interest rate**.
Having a good credit score, making a larger down payment, and finding a cosigner with good credit can all contribute to obtaining a lower interest rate on loans, such as mortgages or personal loans.
Having a good credit score, making a larger down payment, and finding a cosigner with good credit can all contribute to obtaining a lower interest rate on loans, such as mortgages or personal loans.