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What is one request a borrower can make of a lender in order to reduce
monthly payments?
A) thé borrower can ask to be absolved of all penalties.
B) the borrower can ask for the grace period to be extended.
C) thé borrower can ask for the annual fees to be eliminated.
D) thé borrower can ask for a reduction of the interest rate.

Respuesta :

Answer:
The borrower can ask for a reduction of the interest rate
Explanation:
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The borrower can request the lender to reduce the interest rate of the loans which will help the borrower to less monthly payments. Hence, Option D is correct.

What do you mean by the interest rate of a loan?

An interest rate indicates how expensive borrowing is or how lucrative saving is.

Therefore, if you are a borrower, the interest cost is the measure you pay for borrowing money and is expressed as a percentage of the overall loan amount.

Hence, The borrower can request the lender to reduce the interest rate of the loans which will help the borrower to less monthly payments. Option D is correct.

learn more about interest rate of a loan:

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