2. Changing Jobs Before Taking Possession
Since your lender took your salary and employment history into careful consideration when deciding the amount of loan you qualify for, it makes sense that a change in either would cause concern on their behalf. Switching jobs while in the pre-approval process can seriously jeopardize your home mortgage loan. In a worst-case scenario, the bank could choose to completely pull your financing. If not, they may delay until you are able to establish that your latest job is secure – especially if you’re moving into a new industry.
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