Many buyers only focus on their credit rating when they are ready to buy a home. But when deciding whether to grant you a loan, lenders evaluate four things to make sure you can make the loan payments: Capacity – your current and future ability to pay back the loan, through your income, employment history, and debt to income ratio; Collateral – the value of the home that you intend to purchase; Capital – the money and savings that you have plus any liquid investments, which are those that could be sold fairly quickly for cash; Credit – how well you’ve done paying your bills and debts on time. To make sure you have covered all the bases, contact SimplySOLD for a referral to a lender we trust before you apply for a loan.