Hi Yesenia \nIf you are a first-time home-buyer, navigating all the new information about home-ownershi, the home buying process, and mortgages can seem overwhelming. If you are beginning the mortgage shopping process but have no clue as to what information you\'ll need and whether or not you\'ll even qualify, here is some information that may make the process a little smoother.\nWill I Qualify for A Mortgage?-There are essentially three things that lenders look at to determine whether or not you qualify for a mortgage.\nIncome Verification\nWhen purchasing a property, all income of a home-buyer must be validated by a mortgage underwriter in order to receive a loan. Income verification can be done using several types of documents such as a W-2 statement, paycheck stubs, or income tax statements that show proof of income. These documents usually will have to span a period of two years or more to show you have a history of a steady income. Income proof can include such things as child support payments, disability payments, or income from the Social Security Administration. These additional monthly payments can increase your potential to qualify for a mortgage, as well as the amount you will qualify for, but like regular income, must be validated in order to count. \nDebt-To-Income Ratio \nAnother important factor in getting a mortgage will be your debt-to-income ratio. This involves looking at your total debt load and monthly payments, including car payments, credit card debt, and any student loan debt. If the ratio of debt exceeds 40 % of your income, you will likely have to pay off some debt before you will qualify for a loan. In this case you may want to seek out the advice of a financial advisor to help with this process. \nCredit History \nThe final consideration that lenders will take into account in determining whether you qualify for a mortgage is your credit history and score. Call me an I will share some great information and tips with you!