Responses
He would still have to take the bank’s loan offer.
He would still have to take the bank’s loan offer.
The lenders might give him a better interest rate on a smaller loan.
The lenders might give him a better interest rate on a smaller loan.
The lenders will not lend him a smaller amount of money.
The lenders will not lend him a smaller amount of money.
He would have larger monthly payments.
He would have larger monthly payments.
1 answer
The most accurate response would be:
The lenders might give him a better interest rate on a smaller loan.
This is likely because a smaller loan typically represents a lower risk to lenders, which can potentially result in more favorable loan terms, including a better interest rate.
