Know the 4 Factors Lenders Use to Evaluate Your Mortgage Applications

(StatePoint) Qualifying for a mortgage can be intimidating. By learning what lenders assess when deciding whether to make a loan, you can take actionable steps now toward homeownership.ping

While credit history is an essential metric, it’s not the only one at play. There are actually four core factors — the four C’s — that lenders consider: capacity, capital, collateral and credit. Here’s what to know about each one:

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.