changing jobs: Changing Careers While Buying a Home
- 04/19/12 04:33 AM
Depending on your work history and your lender, changing careers while buying a home may complicate your mortgage application process. For this reason, most mortgage experts advise completing your real estate transactions - buying, selling or refinancing - before launching a major career move. This is especially true if you are planning to start your own business or become an independent contractor. Mortgage lenders not only verify employment at the beginning of the loan application process, but some re-verify the final 72 hours before your closing. Be aware that if you withhold information about an impending job change, you could potentially … (5 comments)
Depending on your work history and your lender, changing careers while buying a home may complicate your mortgage application process. For this reason, most mortgage experts advise completing your real estate transactions - buying, selling or refinancing - before launching a major career move. This is especially true if you are planning to start your own business or become an independent contractor.
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