toxicmolotof
2016-05-06 07:17:50
- #1
This underpins the further text of my explanation. 95% means that statistically, a default is to be expected within 20 years. Test question: Would you then lend me 10,000 euros at 3% interest for 20 years (without collateral) if it is statistically clear that sooner or later I will "guaranteed" NOT pay you back? Then the bank simply forecloses on the house, that way the bank gets the money back, and what happens to you... who cares. A good score is (significantly) above 99%, as then the default risk is low even over 100 years.We were told back then by Interhyp that a score of over 95% was expected. That was even stated in some documents.