Mortgage and tons more
First, a lender will check out your current employment and job history. This will help the lender determine how secure you are financially. Clues such as how long you have worked at one place, or the length of time you have been in one particular field are good gauges that you have a favorable financial situation and will be income secure in times to come. Also, a bank or lender may look at your net income and see how much debt you have incurred previously. If you are in debt prior to the acquisition of a home loan, the lenders or banks must be certain that you make enough money to pay for both your outstanding debts as well as the home loan.