mortgagechicks
Rocio
402Following17.9KFollowers90.7KLikes
Mom, Wife, Travel, Tips, Mortgages and Silliness
Videos
Liked
The 4 C's are what mortgage lenders look for to determine credit qualification.👇🏻
✨CAPACITY - to pay back the loan. Lenders look at the debts you have on a monthly basis, such as credit cards and financial obligations compared to your monthly gross income. The lower your monthly debt, the easier you can afford your mortgage comfortably.
✨CAPITAL - Lenders want to make sure you have enough money in the bank in case of a rainy day so you can still make your mortgage payments. This can also be investments, properties, and assets you have available.
✨COLLATERAL - Lenders look at the value of the property that you are using as security against the loan. That means your loan amount, vs the value / price of the home.
✨CREDIT - Lenders will check your credit score and history to make sure vou have made your payments on time because that's a good indication that you will make your mortgage payments on time as well.
#mortgagetips #viral #mortgagechicks
✨CAPACITY - to pay back the loan. Lenders look at the debts you have on a monthly basis, such as credit cards and financial obligations compared to your monthly gross income. The lower your monthly debt, the easier you can afford your mortgage comfortably.
✨CAPITAL - Lenders want to make sure you have enough money in the bank in case of a rainy day so you can still make your mortgage payments. This can also be investments, properties, and assets you have available.
✨COLLATERAL - Lenders look at the value of the property that you are using as security against the loan. That means your loan amount, vs the value / price of the home.
✨CREDIT - Lenders will check your credit score and history to make sure vou have made your payments on time because that's a good indication that you will make your mortgage payments on time as well.
#mortgagetips #viral #mortgagechicks
