In an economy where assessing risks is usually a very complicated task no matter what we’re looking into, we thought about sharing with our readers a very informative flyer containing the most influential factors that help determining the perfect mortgage borrower.
From the lender perspective (usually a financial institution such as a bank or a credit union), all these factors are critical in their must-needed analysis of the borrower and they should never be taken lightly.
Here are the factors that we’ll be reviewing below:
- – Credit Score rating
- – Job stability
- – Debt-To-Income ratio
- – Credit card capacity
- – Property’s down payment
- – Mindset aspect