If a home has no yard space, you *might* want to reconsider.
, this is because the mortgage company will calculate you debt-to-income ratio throughout the home-buying process . Your debt-to-income ratio is your total debt divided by your gross monthly income. So if you're running up your credit card and taking on a car loan, you're running *up* your total debt — and that'll increase your debt-to-income ratio. A high ratio is risky in the eyes of a mortgage lender.
As for the whole changing jobs thing, the idea here is that mortgage lenders want to make sure that you have a reliable income source. In some cases,might not jeopardize your ability to close on the home — like, if a job change will increase your income. But if you're moving from a salaried position to one based on commissions, becoming self-employed or a contractor, or changing industries or making a lateral move, you might raise a few eyebrows.
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