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.
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