I am going to purchase a house really soon.  So I want to know what
factors the banks usually look at when they are deciding what interest
rate they should charge me.  

For example, is owning a car would give me a better/worse mortgage
rate?  or, is a higher monthly income will grant me a lower interest
rate?

My question is basically about the strategy on filling out the loan
application.  I need to know which information I should release and
which one I should not.

I would want detail studies or reports, preferbly scholar works.  I
definitely will tips if you do a great job.

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Clarification of Question by wagsagas-ga on 15 Nov 2005 05:26 PST

USA

You have not told us in which country you are wanting to buy property.

I would not recommend holding back info.  If I find a client has when
I am doing my due dilegence...I will not be granting the mortgage.

It depends on the underwriting guidelines for these mortgage
companies.  The most important thing is your FICO and LTV (Loan to
value).  You will get different rates depending on the property type,
occupancy status, reason for financing, geographic location of the
property, documentations that you provide.  There are other factors
that might impact the underwriter's decision, but having a good credit
score and a low LTV are the easiest way to get cheap financing.