3.30- What Factors are considered when determining creditworthiness?

Lenders typically consider these six factors to determine creditworthiness:

Credit scores

Credit report

Down payment

Collateral

Cosigners

Down payment size

Related Topics: What is a Credit Check What is a Credit Score Documents Required for a Home Loan Application What is Debt to Income Ratio and how is DTI calculated How is the down payment amounts/percentages calculated?

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