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