Category: <span>ACID® Test</span>

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ACID® THE FOUR FACTOR ANALYSIS

  Each loan requires an analysis of 4 factors:  assets, credit, income, and down payment.  I decided to create an acronym for clients to remember; i.e. the ACID® test.  If you pass the ACID® test, you should be able to qualify for a loan. “A” is for assets, i.e. your checking, savings, brokerage, and retirement account balances....