Relate the importance of credit history to approval of a rea

Relate the importance of credit history to approval of a real estate lien note

Solution

The importance of credit history to approval of a real estate lien note that credit history used by any lenders to jugde the capacity of the borrower.If th credit history is not upto the mark then there is very difficulty to gain a loan from any fianacial institutions or any lender and if lender is not paying his/her dues on time then he/she has to pay heavy interest but in case someone is having a very good record in paying dues on time so in that case he/she can take a loan very easy and frequently.