Can one qualify for a mortgage while being unemployed?

A mortgagor will be concerned about your status if you are unemployed because he will want to know how you are going to repay the loan. The lender will conduct a financial review of the total income and expense of the household of the mortgagee to see whether the total income of the household is enough to make all the necessary payments required for a mortgage. Once the mortgagor is satisfied with this assessment , he will then consult with legal counsel to see if the mortgagee qualifies or not for the loan.

Featured Posts
Posts Are Coming Soon
Stay tuned...
Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Social Icon

2020 Rudy Lochan

  • Instagram Social Icon
  • Black Facebook Icon
  • Black Twitter Icon
  • Black LinkedIn Icon