Which statement best describes how lenders determine borrowing conditions for a customer? They access the customer's credit reports. They see how large of a down payment the customer makes. They look into how much the customer has saved for emergencies. They access the customer's work history.

Lenders delve into the treasure trove of a customer's credit reports, scrutinizing credit scores and borrowing history to assess risk. A high credit score often means a more favorable borrowing experience, while a low score may lead to higher interest rates or even loan denial. Down payments also play a crucial role; a larger down payment can indicate responsibility and lessen the lender's risk. Plus, it can result in better loan terms! So, for customers, saving up a bit extra can work out in their favor when it comes time to borrow.