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    Basic Loan Approval Process

    At its most basic, a mortgage lender compares your monthly debts with your monthly income.

    Your monthly debts include your monthly credit card payments, car payment, student loan, and other payments. It also includes your proposed mortgage loan.

    Your monthly income is your pretax income that includes your base salary, commissions, b

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    res your monthly debts with your monthly income.

    Your monthly debts include your monthly credit card payments, car payment, student loan, and other payments. It also includes your proposed mortgage loan.

    Your monthly income is your pretax income that includes your base salary, commissions, b

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    clude your monthly credit card payments, car payment, student loan, and other payments. It also includes your proposed mortgage loan.

    Your monthly income is your pretax income that includes your base salary, commissions, b

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    r payments. It also includes your proposed mortgage loan.

    Your monthly income is your pretax income that includes your base salary, commissions, b

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    A debt consolidation loan makes it possible for an individual to pay off their other debts and make a single payment each month rather than multiple payments to each in
    income is your pretax income that includes your base salary, commissions, bonuses, rental income, and other sources of income.

    Lenders will compare both of these numbers. Lenders generally like to see your debt be no more than 40% of your monthly pretax income, although some will go as high as 55%.

    Getting A Bigger, More Expensive House

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