What are creditors likely to evaluate when approving mortgages?

Creditors are likely to evaluate the applicant's credit score when approving mortgages because the credit score is a key indicator of a person's creditworthiness and financial reliability. It reflects the individual's credit history, including their ability to repay debt, manage credit responsibly, and any past defaults or late payments. A higher credit score generally suggests that the applicant is a lower risk to lenders, which can lead to better mortgage terms, such as lower interest rates or larger loan amounts.

While other factors, such as marital status and age, can sometimes play a role in the assessment process, they do not have the same direct impact on the financial reliability that a credit score provides. Similarly, social media connections are not a relevant factor in traditional mortgage lending, as they do not relate to an applicant's financial history or ability to repay a loan. Thus, the credit score remains the primary focus for creditors in evaluating mortgage applications.