Lenders often give a slight reduction in interest rates when a borrower pays a smaller down payment.

Name: Lenders often give a slight reduction in interest rates when a borrower pays a smaller down payment.
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Lenders typically require larger down payments to mitigate their risk and reduce the chances of default. Therefore, borrowers who make smaller down payments are typically charged higher interest rates to compensate for the increased risk.

Lenders Often Give a Slight Reduction in Interest Rates When