Tag: credit
Deleveraging is the word of the year
The Economist featured this great article today about the fact that not only financial firms but businesses and individual households will be forced to deleverage over the course of the next few years. Among the points that I found interest in: *In the near term delveraging of banks, hedge funds, and households will likely depress [...]
Posted: September 29th, 2008 under Credit, Credit Crisis.
Tags: credit, credit crisis, debt to GDP ratio, deleverage, economist article, unwinding of credit
Comments: 4
Multiple inquiries on credit are not as bad as you think
Often times our customers are hesitant to grant us permission to access a new credit report for them because of concerns that it will hurt their credit score. The problem with not reviewing a client’s credit history and credit score is that we end up proposing mortgage options that may change once we do pull [...]
Posted: August 18th, 2008 under Credit, General Mortgage Info., Mortgage Qualification, Personal Finance.
Tags: credit, credit rating, credit score, FICO, inquiries, multiple inquiries
Comments: 1
The Four "C"s of qualifying for a mortgage
In evaluating a loan application to determine whether or not an applicant qualifies for a mortgage lenders look at four areas. These four areas are known as the “Four C’s” and stand for: 1) Credit 2) Capacity 3) Capital 4) Collateral Here is a summary of each “C” and how they impact the loan approval [...]
Posted: April 28th, 2008 under General Mortgage Info., Mortgage Qualification, Personal Finance.
Tags: 4 c's, capacity, capital, collateral, credit, Mortgage Qualification
Comments: 1