IMPORTANT MORTGAGE GUIDELINES

I came across an interesting article and wanted to share it with you.  The article is titled: The 4 C's of Mortgage Underwriting.

With the real estate market picking up and buyers out in full force I thought it may be helpful to understand what it is lenders are looking for when they decide to approve or deny mortgage applications.  
Dean Hartman explains: "For at least 25 years I have heard them called "The 4'C's of Underwriting" - Capacity, Credit, Cash and Collateral.  Guidelines and risk tolerance change, but the core critera do not.

Click Here To Read The Full Article: THE 4'CS OF MORTGAGE UNDERWRITING