Which of the following is true for Fixed Principal Commercial Loans?
A) The bank calculates the total interest due even on variable interest loans.
B) The bank provides an amortization schedule with a variable interest loan.
C) The borrower will probably be required to make a 20 percent down payment.
D) The borrower does not have to make a down payment.

Question

Quizplus · Accepted Answer

Fixed Principal Commercial Loans often require a down payment, typically around 20%, to reduce the lender's risk.

Which of the Following Is True for Fixed Principal Commercial