Mortgage loan is also a risky factor. when you apply for the mortgage loan your current income is $5000 and you assume that after 2 years you get increment of $500 and your wife income is $4000 on that period, but this is pre assumption .As suppose you take mortgage loan and you met with sudden accident or you lost your job or family income is reduce due to divorse from your wife .
So when you go for the mortgage loan first think about the risk factor ,but risk is not predecided. In that scenario it is better that you can inform your bank for the situation and also inform your current income bank will help you a lot or modify your loan amount.
Genrally bank are not disclose all the factor to the customer so when you face such problem inform your bank ,you can also get help from your attorney in this matter.
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