Qualifying for a Home Loan

What do banks look at? According to Freddie Mac, it’s the 4 C’s:

  1. Capacity:Your current and future ability to make your payments
  2. Capital or cash reserves:The money, savings and investments you have that can be sold quickly for cash
  3. Collateral:The home, or type of home, that you would like to purchase
  4. Credit:Your history of paying bills and other debts on time

Be sure you are properly qualified before you begin the process of buying or selling your home.

News Categories

RSVP Policy | One-to-One Policy | Newsletter and Email Lists Policy