by Jeff Sorg | Nov 3, 2016 | Mortgage, Real Estate
Black and Hispanic applicants twice as likely to be denied mortgages By Jeff Sorg, OnlineEd Blog (November 3, 2016 – Zillow) White and Asian borrowers are more likely to be approved for a conventional loan than black or Hispanic borrowers, according to the...
by Jeff Sorg | May 17, 2012 | California Real Estate, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate
Qualifying ratios are only the beginning of the loan approval process. The three Cs of loan approval in lending are: Collateral, Character (credit), and Capacity. Collateral – The lender will look to the collateral to hedge its loss if the creditor defaults on...