 TITLE: What Factors Do Mortgage Lenders Consider? CONTENT: How Do Lenders Assess Your Income?\n----------------------------------\nYour income is a major factor when it comes to being approved for a home loan. Mortgage lenders prefer borrowers who have a stable, predictable income to those who don't. While they look at your income from any work, additional income (such as that from investments) is included in their assessment.\nYour debt-to-income ratio (DTI) is also very important to mortgage lenders. It indicates how much of your monthly income goes to your debts, and gives lenders an overall sense of how you're doing financially. If your ratio is high, it can show you're overleveraged and possibly not in a position to take on more debt, so you might face a higher interest rate or be denied altogether.\nKeep in mind that the income and employment you indicate on your application is often verified, so use accurate information. Lenders will likely view your income documentation and may even directly contact employers for verification. END