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MortgageCast #8 | The 4-Cs of Qualification

Nov 23
9:06
AM
Category | Podcast

MortgageCast #8 | The 4-C's of Qualification

WHAT DOES GREENWAY LOOK AT TO DETERMINE IF A CLIENT IS QUALIFIED FOR A MORTGAGE?

It's called the 4-C's of mortgage qualification: Credit, Character, Capacity and Collateral.

In this latest MortgageCast from Erin the Expert, she walks us through what each is as well as what sorts of things might reduce a client's purchasing power.

by Erin the Expert

The mortgage process can be daunting, especially the early stages of qualification! We ask many questions that may not seem to relate to a mortgage and request a significant amount of documentation. Guidelines have become more stringent to ensure the borrower is given a mortgage they can afford. Understanding the underwriting process can help ease stress and streamline the effort. In general, mortgage lenders like Greenway observe the 4Cs of borrower qualification – Credit, Character, Capacity and Collateral. Since every client’s financial situation and scenario varies, the 4Cs help Greenway determine if a particular borrower and property are mortgage-worthy. 

You can get more information on qualification and the mortgage process by watching some of my other videos and blog posts. Check the show notes below for links to those.

I hope you enjoy and I am always ready to answer any questions you may have.

And when you're ready to start the home buying (or refinance) process be sure to reach out to me directly.

Show Notes

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