From 25c03b8bc2e97d7c8b7b7dcf476c4a632a2b299b Mon Sep 17 00:00:00 2001 From: Douglas Nanya Date: Thu, 17 Oct 2024 16:46:28 +0000 Subject: [PATCH] Add 'Understanding Delinquent Loans' --- Understanding-Delinquent-Loans.md | 51 +++++++++++++++++++++++++++++++ 1 file changed, 51 insertions(+) create mode 100644 Understanding-Delinquent-Loans.md diff --git a/Understanding-Delinquent-Loans.md b/Understanding-Delinquent-Loans.md new file mode 100644 index 0000000..84ebd9b --- /dev/null +++ b/Understanding-Delinquent-Loans.md @@ -0,0 +1,51 @@ +When a mortgage becomes delinquent, the borrower begins to incur late charges, and the mortgage's rate of interest may improve. Prolonged delinquency may find yourself in a adverse impact on the borrower's credit rating, making it harder to secure future financing. 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