Hold changing jobs till “Pre-approved Loan Disbursal”

Avoid changing jobs:  If you are buying a home and received confirmation for pre-approved loan, at that duration changing jobs is not something you should do in the middle of purchasing a home. One of the things the financial institutions look closely at is your employment history. They want to be sure that you are financially stable and capable of making your loan payments. Through changing a job before you get your loan, you make yourself less appealing to the financial institution. Changing situations may cause the lender think you are unstable, or that you won’t have a fixed income to keep up with the mortgage. Keep your movement under consideration of your situation.

Leave a Reply

Your email address will not be published. Required fields are marked *