HBR 165 - The 4 C’s of Credit - Capacity (How Much Debt Can You Handle)
Home Buyer Radio
English - July 20, 2020 10:30 - 11 minutes - 25.2 MB - ★★★★★ - 19 ratingsBusiness News Business News homebuyer homeseller mortgage realestate realtor Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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 capacity. How much debt can you afford to pay based on your income? This makes a huge difference on the amount of home you may be eligible to finance.
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