Your ability to make your A loan using your home as collateral. In some states, the term mortgage is also used to describe the document you sign (to grant the lender a lien on your home). It also may be used to indicate the amount of money you borrow, with interest, to purchase your house. The amount of your mortgage often is the purchase price... payments on time. This depends on your income and income stability (job history and The property that will be given or pledged as collateral for a loan.), your assets and savings, and the amount of your income each month that is left over after you’ve paid for your housing costs, debts and other obligations.