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February 2009
You are browsing the archive for February 2009.
Qualifying for a Mortgage
In general, all lenders use the same four basic standards to approve applicants for a mortgage. Different mortgage products have varying guidelines within those standards. The lender looks at what is referred to as the “the four C’s”: capacity, character, capital and collateral.
Income (Capacity)
Do you have steady and sufficient income to make the monthly [...]
