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Home » New Mortgage Borrowers Take on Extra Debt
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New Mortgage Borrowers Take on Extra Debt

June 10, 2016
Consumers who apply for mortgages are much more likely to open new credit card accounts and take out auto loans than consumers overall, according to TransUnion, a firm that focuses on credit issues. A new study by TransUnion included 16.7 million consumers who paid off their mortgages and moved with new mortgages or refinanced their existing mortgages between the first quarter of 2013 and the second quarter of 2015. The study focused on borrowers with a VantageScore of ...
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