What lenders look at
60 seconds
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Small lessons.
A big move.
The big idea
What do mortgage lenders look at?
Lenders check whether you can repay.
They look at your credit history, income and job, savings, monthly debts and the new payment.
See it in an example
Example
Debt-to-income, in one line.
Monthly debts ÷ monthly income before taxes
$1,000 ÷ $4,000 = 25%
Example only. Your lender gives your real numbers.
Take the quick check
Which one does a lender check to see if you can repay?