Finance
In South Carolina, 'seasoning requirements' for a mortgage typically refer to:
AThe time of year preferred for mortgage applications
BThe required period a buyer must own a property before a cash-out refinance✓ Correct
CThe aging of loan documents
DThe minimum employment history required for a loan
Explanation
Seasoning requirements specify how long a borrower must own property before refinancing or selling (particularly for FHA loans). Cash-out refinancing may require ownership for a minimum period.
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