Question

What is the most important aspect of the loan process for a bank?

A: That you ask politely and are well mannered
B: The occupation in which you work
C: The score you earned on your credit report
D: Your professional appearance and good looks

Answer 1

credit history and score; 2) collateral (type of property being secured); 3) cash (your down payment) and 4) capacity (how much debt you have versus income every month). “Underwriters review the loan based on the above criteria, as well as layered risk factors,” explains Gage