The 5 Cs of mortgage borrowing

When it comes to approving you for a mortgage, your lender will look at many elements of you and your application before deciding to take that on or not. You are essentially auditioning for each lender, and there are many factors that will go into the likelihood of you being approved. Here’s the 5 Cs of mortgage borrowing: Credit: firstly, your lender is going to look at your credit. They will be looking at not only your credit score, but also your past repayment habits. Missed payments from the past will show up on your credit report as well, so ensure you have a solid…