Understanding “The 4 C’s of Credit” can help you prepare for a mortgage

Mass Appeal

There are a lot of factors that go into determining your credit score. Here to help us understand the process for us is Todd from Cambridge Credit.

  1. Credit- a history of how someone manages their finances
  2. Capacity- the applicant’s ability to repay a loan
  3. Capital- finances needed to pay upfront costs
  4. Collateral- a resource the lender can claim if you default on the loan

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Contact Mass Appeal

Donate Today