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

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