If you have ever apply for a Chicago Mortgage you know that you will get a thorough financial examination. The banks are just making sure that when they loan you such a large amount of money they can be reasonably assured they will be able to collect the mortgage payment from you in a timely fashion. They are going to want to know about your income, your debts, expenses, your employment and any past financial records. They will also look into any bankruptcy information and how your credit worthiness is judged by the credit agencies. This is also known as your fico score. The lender will then take all this information into account and make a decision as to whether you are creditworthy for the mortgage.