It’s my opinion that a home foreclosure can have a significant effect on the applicant’s life. Property foreclosures can have a Seven to several years negative affect on a applicant’s credit report. A new borrower who has applied for a mortgage or virtually any loans for that matter, knows that the worse credit rating is, the more difficult it is for any decent bank loan. In addition, it may affect the borrower’s capability to find a good place to let or hire, if that turns into the alternative housing solution. Great blog post.
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It’s my opinion that a home foreclosure can have a significant effect on the applicant’s life. Property foreclosures can have a Seven to several years negative affect on a applicant’s credit report. A new borrower who has applied for a mortgage or virtually any loans for that matter, knows that the worse credit rating is, the more difficult it is for any decent bank loan. In addition, it may affect the borrower’s capability to find a good place to let or hire, if that turns into the alternative housing solution. Great blog post.