Limited recourse lending was used to finance maritime voyages in historical Greece and Rome. However, this relies on limited data on a buyer’s credit score history. Alternatively, a mortgage pre-approval provides the exact charge a borrower can qualify for since the lender has access to the borrower’s personal information and credit history. Lender Requirements - Some lenders have additional requirements when buying a automobile from a person. The peer-to-peer system and distributed ledgers are...