read the scenario. casey has been saving for a new car and is ready to make a purchase. having a substantial…

read the scenario. casey has been saving for a new car and is ready to make a purchase. having a substantial amount to put down as a down payment, casey approaches the car dealership. the salesperson and the loan officer view caseys willingness to make a high down payment positively. why would casey be considered a lower risk by the lender for planning to make a high down payment? it shows that casey prefers a high - interest rate. it shows that casey is committed to paying off the loan. it shows that casey may not need a loan at all. it shows that casey might refinance the loan soon.

read the scenario. casey has been saving for a new car and is ready to make a purchase. having a substantial amount to put down as a down payment, casey approaches the car dealership. the salesperson and the loan officer view caseys willingness to make a high down payment positively. why would casey be considered a lower risk by the lender for planning to make a high down payment? it shows that casey prefers a high - interest rate. it shows that casey is committed to paying off the loan. it shows that casey may not need a loan at all. it shows that casey might refinance the loan soon.

Answer

Brief Explanations:

A high - down payment indicates commitment. When a borrower makes a large down payment, it shows they are invested in the purchase and more likely to pay off the loan, reducing the lender's risk.

Answer:

It shows that Casey is committed to paying off the loan.