Lenders look at 5 C’s.
1) Credit. (Your repayment history, age of accounts, credit utilization, credit inquiries, and mix of credit)
2) Capital (your down payment)
3) Capacity (your income to debt ratio)
4) Character (your income and type of employment. yes, they google you!)
5) Collateral (condition of the property, location, history, essentially the characteristics of the real-estate that will secure the Mortgage).
