Posted on: 24th Mar, 2006 02:54 pm
I want to know what is loan seasoning and title seasoning?
seasoning indicates how long you have been on the loan or on the title of the property.
considering seasoning depends on the lenders as one may not consider seasoning requirements on a refinance while another might have 6 months or a year.
this also applies on how long someone has owned a property before selling it.
considering seasoning depends on the lenders as one may not consider seasoning requirements on a refinance while another might have 6 months or a year.
this also applies on how long someone has owned a property before selling it.
Thank you for your response.
How does the seasoning of the loan portfolio increase guaranty purchase
I guess only an industry professional can tell you how seasoning of loan portfolio increases guaranty purchase.