My little writing on mortgage
A lender will look first at your current job and employment history. This will help the lender determine how secure you are financially. Factors such as length of employment at a particular place, or how long you have worked in one field are good indicators that you are financially stable and will have consistent income in the future. In addition a lender or bank could examine your net income to determine the amount of debt you have incurred in the past. If you have outstanding debts, lenders must be sure that your income is enough to cover both the new home loan and the existing debts.