Getting a mortgage can be a nerve-wracking experience when you’re not sure what to expect. Take a few minutes to understand what lenders are looking for: The Five “C”s of credit:
Capacity: Your income from all sources will be compared against your monthly expenses.
Capital: Your downpayment demonstrates that you can save and accumulate assets.
Collateral: The lender’s assurance that the mortgaged property is marketable and can be re-sold.
Credit: Your habits in meeting your debt obligations; do you pay your bills on time?
Character: Are you sufficiently trustworthy to meet your obligations?
You want the lender to see that you and your business are a good investment, and we’ll be happy to help you make the best impression!
Remember, we're also experts in credit repair - want to buy a house and the bank turned you down or want to qualify for a better rate? Let us help guide you.