Do I qualify?
Pre-Qualified for Loan, 20% down, with good employment and significant cash reserves,Then if I lost employment, Can I still buy the Home.? by drmess_959_158 from Scottsdale, Arizona. Oct 3rd 2011
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
It depends on whether you found new employment or not, how long was the gap between jobs, and is there any other source of income, IE, Spouse, 2nd job, rental income, other investment income etc... If you like, you can contact me directly at 480-287-5714. I am a local mortgage broker here in Scottsdale. I can look at your scenario and let you know exactly where you stand... WilliamAcres.com
Aaron Brown (aaron.brown)
#78 ranked lender in Arizona - 37 contributions
Have you lost employment or concerned about being let go prior to final loan approval? Aaron BrownFlagstar Bank480-538-0611 Ext: 226
Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions
Sorry to hear that. You need a steady form of income to be approved for a mortgage loan. .... Happy funding, Rudi
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