[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-284870-105":53,"doc-detail-284870-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","qualifying-for-a-mortgage-september-2025","Qualifying for a Mortgage - September 2025","","This presentation outlines the core requirements for qualifying for a mortgage, focusing on the Four C's of lending: Capacity, Credit, Capital, and Collateral. It details how lenders evaluate an applicant's financial stability, including stable income sources and employment history. The document provides practical exercises for calculating gross monthly income and managing monthly debt obligations. 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 \nPublic  \nInternal  \n2  \nCapacity  \nPublic  \nInternal  \n3  \nCapacity – Income  \nMust be stable and likely to continue  \n• 2-year employment history  \n• Gaps/exemption  \nSources of Underwriting Income  \n• Full-time occupation, part-time, seasonal employment, trust income, self-employment, social security, alimony/child support, projected rental income.  \n• Gross monthly income  \nPublic  \nInternal  \n4  \nCapacity  \nIncome Exercise  \nBASE INCOME:  \n• Nurse = 3 yrs.  \n2023 = $71,000  \n2024 = $75,000  \n2025 = Annual Salary $78,000  \nTOTAL GROSS MONTHLY INCOME = $6,500  \nPublic  \nInternal  \n5  \nCredit  \nPublic  \nInternal  \n6  \nCredit and Debt  \nHAVE YOU BEEN MANAGING YOUR DEBT?  \nOTHER MONTHLY OBLIGATIONS  \n• Credit report: clean payment history, inquiries (90 days)  \n• Non-traditional Credit:  \n• Rental, utilities, cell phone, car/life insurance payments, etc.  \n• FICO Scores: 640-660 (single/condo) >660 multifamily.  \nPublic  \nInternal  \n7  \nCredit  \nDebt Exercise  \nFICO SCORES  \n• Transunion: 690  \n• Equifax: 740  \n• Experian: 700  \nMONTHLY PAYMENTS:  \nStudent loan: $250  \nCredit card (Visa): $35  \nDepartment store card (Macy’s):  + $50  \nTotal monthly debt: $335  \nPublic  \nInternal  \n8  \nCapital  \nPublic  \nInternal  \n9  \nCapital = Savings  \nSAVINGS – Importance of verifying them  \nACCEPTABLE  \n• Savings/Checking  \n• CD’s  \n• Stocks  \n• 401 (k)  \n• Gifts  \nUNACCEPTABLE  \n• Mystery cash  \n• Unverifiable funds  \n• Borrowed money  \nFinancial assistance programs: City, lender, loan program  \nPublic  \nInternal  \n10","cbCaiiWZKnsBnZEa","https://ap.wps.com/l/cbCaiiWZKnsBnZEa","pdf",670166,29,"English","# The Four C’s of Mortgage Lending\n## Capacity: Evaluating Income\n## Credit: Debt Management and FICO Scores\n## Capital: Savings and Asset Verification","[{\"question\":\"What are the 'Four C’s' that lenders look for?\",\"answer\":\"The four core components are Capacity, Credit, Capital, and Collateral.\"},{\"question\":\"What are examples of acceptable capital for a mortgage?\",\"answer\":\"Acceptable capital includes savings and checking accounts, Certificates of Deposit (CDs), stocks, 401(k) accounts, and verified gifts.\"},{\"question\":\"How is debt managed in the credit evaluation process?\",\"answer\":\"Lenders review credit reports for payment history and recent inquiries, evaluate non-traditional credit sources like utility payments, and verify FICO scores to assess an applicant's ability to manage monthly obligations.\"}]","Qualifying for a Mortgage - September 2025 | PDF",1789629291,10]