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Chapter 10

  • Your Own Home
  • You Will Know
  • Renting
  • Owning a Home
  • Characteristics of Government Programs
  • Patricia's Savings
  • Components of a Mortgage Payment
  • The Four Cs
  • Pre-Qualification
  • Pre-Approval
  • Shop, Compare, Negotiate!
  • Patricia's Mortgage


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    The Four Cs






  • Capital - the amount of downpayment the borrower has.
  • Capacity - the ability to make the payment with current income and debt load.
  • Credit - your credit report shows your pay history on other loan obligations.
  • Collateral - such as a vehicle or a house which is being used to secure the loan.
  • Graphic of house with checkbox over it.