Residential Mortgage: How Do Financial Institutions Assess Borrowers?
Before any bank or financial institution approves a residential mortgage loan, it looks at various factors first to assess a borrower’s creditworthiness. Primary Residential Mortgage, Inc. discusses these factors, also known as the 5 Cs. Character Character is the person’s credit history. It’s important to establish the borrower’s reputation when it comes to repaying loans. The credit […]
Residential Mortgage: How Do Financial Institutions Assess Borrowers? Read Post »