Explain why you agree of disagree with this statement

While all of these are important, I think the most important one is Character. This really uncovers the borrowers feelings toward paying their bills. It tells you when the borrower had hard times which types of loans did, they consider to be the least important. If there are similar types of loans to the one being applied for it will tell you what their previous history was on paying for those loans. This gives a lender an insight to who they are considering lending money to. This will also uncover things like judgments and lien that could affect the lenders valuation on the collateral. Since many judgements and lien will automatically become attached to and real property (home) being purchased. There are so many small pieces to this particular C that make one very large picture of who the borrower is. This would also include interviewing the borrower and asking the tough questions with regards to any concerns that the lender might have.