HBR 163 - The 4 C’s of Credit - Cash is King

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Manage episode 266361270 series 1340462
By Dan Moralez. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

What are the 4 C’s of credit and why do they matter? In this series we talk about how all of them impact your ability to get a mortgage.

The 4 C’s are cash, credit, collateral and capacity. All of these components make up a mortgage file. Should your financial picture be weak in multiple areas you may find getting a mortgage more difficult to get approved.

This week we talk about cash and why a solid down payment can help improve your chances of getting a mortgage approved.

Want to know more about home loan options? My team and I would love to help you. Feel free to reach out to us. We can be reached online at www.danmoralez.com or at 616-931-4629. Dan Moralez NMLS #709729 Regional Vice President - Mortgage Loan Officer Northpointe Bank All loans subject to credit approval. Northpointe Bank is an Equal Housing Lender

166 episodes