Module 1: Credit Documents

Credit documents provide valuable insights into an individual's financial history, current financial standing, and their ability to meet loan obligations.

The primary objective of examining credit documents is to evaluate an applicant's creditworthiness, which involves analyzing their credit history, credit scores, and overall financial stability. Lenders need to assess whether borrowers have a satisfactory track record of repaying debts, managing credit responsibly, and maintaining a stable income to determine their ability to handle the financial commitment of a mortgage loan.