The 5 Cs of Credit determine how lenders define your creditworthiness. They are character, capacity, collateral, capital, and conditions and each determines how likely you are to receive funding. I will explain all 5 C’s in-depth below. The 5 C’s of Credit Explained Character The first and probably the most …
Getting a Mortgage for Rental Property
Rental properties differ a lot from your private residence, and they have more risk. Renters will not maintain your property as they should. That is because it doesn’t belong to them and they can vacate anytime they want. But this is not so with your private residence. As a result, …