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 collateral.  What is the home that secures your mortgage worth and does it adequately secure the banks interest in your home.

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