How do lenders sum up borrowers? With the four Cs of credit. Gather supporting information for your visit with a lender.
Credit History – Focus is on your employment history and your reputation as a responsible person; Capacity – Do you have the income to repay a loan? Collateral – How much capital, other than cash like another property to put down as capital; Conditions – How much cash can you use as a downpayment.
4 Cs of Credit
Wells Fargo offers a short description of the 4 C's with the video that follows: