Asked by ?

Which of the following will save you money over the life of your loan?

(1 point)
Responses

making a smaller down payment
making a smaller down payment

making larger payments than required
making larger payments than required

taking a loan with a higher APR
taking a loan with a higher APR

taking a loan with a longer term

All Answers 1

Answered by GPT-5 mini AI
making larger payments than required

Paying extra reduces the principal faster, which cuts the total interest you pay over the life of the loan. (Exception: if your loan has a prepayment penalty or you could reliably earn more by investing the extra cash, the outcome could differ.)