Victorville, CA

Banks make Loans based on the Four Cs, that come into play when applying for a mortgage loan. They provide a framework within which information could be gathered, segregated and analyzed.

What bank underwriters look for are these four factors in approving a mortgage applicant, by verifying information and evaluating the risks of giving you a loan.

The Four Cs

*Capacity, which refers to the adequacy of the borrower's income to pay the interst and principal due on the loan, plus property taxes and homeowers insurance.

-debt level

-income sources

-length in employment

*Capital, which refers to the borrowers's down payment (or equity) as a percentage of the current value of the home.

-cash flow

*Character, which refers to the borrower's track record of paying debts as evidenced by his or her credit history and credit score.

-types and amounts of credit used

-timely payments on bills.

*Collateral, which refers to the safety and soundness of the home and the value of the home as determined by an appraisal relative to the agreed-upon purchase price.

-net worth

-Other assets that could be used to repay the debt

Companies using automated decisioning, input ratings and scores summarizing the four C's into a finacial model to determine the risk of doing business with you.

Knowing what lenders are looking for will better prepare you torward finacing a a home.

I can help. Contact me to make the Mortgage process as easy as it should be.

Attention Realtors the usda 100% loan program is back. It is geared towards rural areas. It is a great loan program becuase it is based on the appraised value not the purchase price so financing closing cost is still an option with this program for your borrowers than can truly afford the house but just dont have the closing cost money. Great stuff!!!!

Attention Realtors this FHA 203k loan can assist your buyers with costs to repair their future homes. It's a great loan.

A new Loan program has resurfaced upon us again. It is a 100% loan with no mortgage insurance. It is designed for Home buyers in Rural areas, and fortunately for us high desert real estate professionals the city of adelanto qualifies for this government insured loan program. Get your adelanto homes sold to those hard working families that just dont have the down payment but can truly afford a home out here and deserve to.