From 1f3bef8ffc22899ec368ad56c0f78f5778e87635 Mon Sep 17 00:00:00 2001 From: Soon Lau Date: Tue, 5 Nov 2024 00:42:26 +0800 Subject: [PATCH] Add Understanding Additional Loans --- Understanding-Additional-Loans.md | 44 +++++++++++++++++++++++++++++++ 1 file changed, 44 insertions(+) create mode 100644 Understanding-Additional-Loans.md diff --git a/Understanding-Additional-Loans.md b/Understanding-Additional-Loans.md new file mode 100644 index 0000000..d4ad275 --- /dev/null +++ b/Understanding-Additional-Loans.md @@ -0,0 +1,44 @@ +The interest rate for added loans is set primarily based on the borrower's credit score rating, the lender’s insurance policies, the mortgage type, and the overall market situations. Borrowers with larger credit score scores usually qualify for lower rates, whereas these with lower scores might face larger interest rates. 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