Tag Archives: home

Loan Underwriting Approval: Collateral, Character, and Capacity

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 the loan. To help analyze the collateral, the lender will order an […]

What’s Required to Become an Oregon Home Inspector

(Jeff Sorg, OnlineEd – Portland, OR) Anyone who advertises, works, or bids as a home inspector is required to be certified by the Oregon Construction Contractors Board (“CCB”) as a home inspector. Any individual who, for a fee, inspects and delivers a report on the overall physical condition of a residential structure is considered to […]