What Makes Up a Borrower Profile

Mortgage lenders look at other information besides your credit score before deciding whether to make you a mortgage loan. They look at your employment history, your income and outstanding debt, savings patterns and amount of savings, and the type of mortgage you want. Mortgage lenders also look at the value of the property you want to buy or refinance and the amount of the down payment you plan to make or the equity that you have. All of these factors combined together make up your "borrower profile." Mortgage lenders view this full picture to make a final decision about your ability and willingness to repay a mortgage loan.