Second-Chance LoansHomeowners who lost their properties during the financialdownturn are getting back into the...Hielscher, John
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Second chance loans are often offered by lenders that specialize in the subprime market. Like many othersubprime loans, a second chance loan may have a typical term-to-maturity (such as a 30-year mortgage), but it is usually meant to be used as a short-term financing vehicle. Borrowers c...