Finance
An Indiana lender's underwriting process evaluates the 'Four Cs of Credit.' These are:
ACredit score, Cash reserves, Collateral, and Capacity
BCredit history, Capacity to repay, Capital/down payment, and Collateral✓ Correct
CCredit score, Co-signer, Collateral, and Capacity
DCredit, Cash, Conditions, and Character
Explanation
The traditional Four Cs of mortgage underwriting are: Credit history (credit score and payment history), Capacity (income and DTI), Capital (down payment and reserves), and Collateral (the property's value as security).
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