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Mortgage denial

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Anonymous
Not applicable

Mortgage denial

Can I be denied a mortgage becasue the lender thinks I may switch jobs for a lower paying position

Message 1 of 4
3 REPLIES 3
lesaheart
Valued Member

Re: Mortgage denial

If they feel there is a high probability for that then yes. My LO knows more about me financial than my own family!

Starting EQ score 6/13/2011: 645
Current EQ score: 675
Goal: 750
Message 2 of 4
Scope27
Regular Contributor

Re: Mortgage denial


@lesaheart wrote:

If they feel there is a high probability for that then yes. My LO knows more about me financial than my own family!



100% agreed...But it also depends on your Debt to income for this lower paying job.  And another thing that is scrutinized is applying after being on the job for a short while (there are exceptions like school) but it's mainly up to the LO in the long run.

Message 3 of 4
Booner72
Senior Contributor

Re: Mortgage denial

Why would they think that?  if you told them that is your plan, then yes, but they can't just "think" it.

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Message 4 of 4
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