What factors will a lender look to in deciding whether to give me a mortgage?

What factors will a lender look to in deciding whether to give me a mortgage?

Ron Goodlin (Mortgage Banker and Broker, The Goodlin Group) gives expert video advice on: Will lenders look at my bank accounts?; What can I do if I am rejected for a mortgage loan?; How much of my monthly payment is considered interest? and more...

In deciding whether or not to give you a mortgage, the lenders are going to look at: your income, whether you're salaried or self-employed and what kind of income you're making; assets, how much money you're going to put down for a down payment or how much reserves you have sitting in your bank account; your credit, what your credit score is on the debt you have; and last but not least, the property, what's the value of the property, the location of the property, what kind of mechanical liens are attached to the property, and that kind of thing.