Understanding Credit Scoring On Mortgage Refinancing or Second Mortgage Loans.
By: Hunter Lending Team Published on: 27/08/2024
For years, lenders have utilized "credit scoring" to determine whether or not an individual is a good credit risk. Credit scoring has recently become a hot topic, due in large part by the mortgage lending industry's willingness to use the process to evaluate one's likelihood of repaying home mortgage refinancing or second mortgage loans.
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