I gave you the Cs to sell a home....now here are the 4Cs of Mortgage Underwriting

Real Estate Agent with Alain Pinel BRE 01367196

In a recent post, I wrote about Preparing a house for sale: Do the C's to get more C (Cash)letter C

Then today , one of my favorite bloggers, Steve Harney, blogged about the  4C's of Mortgage Underwriting.

Who knew getting Cs could be such a good thing.

Here are Steve's C's:

CAPACITY is the analysis of comparing a borrower’s income to their proposed debt. It considers the borrower’s ability to repay the mortgage.

CREDIT is the statistical prediction of a borrower’s future payment likelihood.

CASH is a review of your asset picture after you close. There are really two components – cash in the deal and cash in reserves.

COLLATERAL refers to the appraisal of your home. It considers many factors – sales of comparable homes, location of the home, size of the home, condition of the home, cost to rebuild the home, and even rental income options.


Take a look. Pretty soon, someone may come up with more Cs' for other things. What to look for in a property inspection, perhaps?



Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Gene Riemenschneider 04/06/2012 02:06 AM
ActiveRain Community
1st Time Buyers
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Diary of a Realtor
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prepare home for sale
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keeping current matters
must do cs to sell house
must have cs to get mortgage

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Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

I like your verbiage better.  I always say:

  • Income
  • Assests
  • Credit and
  • Appraisal

4 C's are sexier!!!  Good post P!

Apr 05, 2012 04:52 AM #1
Pacita Dimacali
Alain Pinel - Oakland, CA
Alameda/Contra Costa Counties CA

Larry -- when I was going to school, I looked for every memory aid I can think of to remember essential points. For example, in marketing, it's the Ps (product, price, promotion, placement).  So in this career, I try to do the same. Turs our Steve thinks the same way.

Thanks for stopping by.

Apr 05, 2012 05:13 AM #2
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Pactia looks like you and Steve have covered the C list :)  Now for a home inspector and stager to toss their C's in the ring.   

Apr 05, 2012 05:33 AM #3
Pacita Dimacali
Alain Pinel - Oakland, CA
Alameda/Contra Costa Counties CA


A professional photographer should weigh in

C - camera

C - composition

C - color (or black and white, or sepia)

C- chiaroscuro or contrast

C- cropping

C - content (or subject)

Apr 05, 2012 06:06 AM #4
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

Great post and so true.  Those are the things it takes to buy a home.

Apr 05, 2012 01:52 PM #5
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Pacita, We've been to several of Steve's seminars and always learn something and find him entertaining...

Apr 05, 2012 10:34 PM #6
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Pacita Dimacali

Alameda/Contra Costa Counties CA
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