In this week's episode, we are discussing the 4 Cs of credit and how they impact your ability to get a mortgage. https://www.balancedfi.com/4-cs-of-credit/ The 4 Cs are: capacity, capital, collateral, and credit score. This episode will give you tips for improving each C when you apply for that mortgage… but you could also use this knowledge to improve your finances overall.
Welcome to the Balanced FI Podcast, episode 33 - The 4 Cs of Credit: What You Need to Know
Although you probably haven’t heard of them, the 4 Cs of credit are:
Improving one or all of these areas can greatly improve your odds of being approved for a mortgage or getting a better interest rate.
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Read: The 4 Cs of Credit: What You Need to Know
Read: Do You Need a Credit Score While Debt-Free?
Resource: Loan Savings Calculator
Resource: National Foundation for Credit Counseling
Source: What’s in my FICO Scores?
Source: What Is a Credit Score, and What Are the Credit Score Ranges?
Source: How Credit Score Affects Your Mortgage Rate