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.