Number: SS.912.FL.4.AP.4 | Category: Access Points |
Date Adopted or Revised: 05/23 | Standard: Using Credit |
Number: SS.912.FL.4.AP.4 | Category: Access Points |
Date Adopted or Revised: 05/23 | Standard: Using Credit |
Name | Description |
SS.912.FL.4.4 (Discontinued after 2023-2024): | Describe why people often make a cash payment to the seller of a good—called a down payment—in order to reduce the amount they need to borrow. Describe why lenders may consider loans made with a down payment to have less risk because the down payment gives the borrower some equity or ownership right away and why these loans may carry a lower interest rate. |
Name | Description |
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