Can You Qualify for a Mortgage While on Probation at Your Job?
Last year, we noticed an increase in the number of mortgage applicants who are still on probation at their jobs.
In the past, we tended to advise these clients to wait until their probation was completed, because lenders view them as a higher risk of not making their mortgage payments (if released during probation). But in some cases, that may not be necessary.
We recently discussed this topic on a mortgage industry Facebook discussion board and received some feedback from seasoned experts on which circumstances new employees could still apply for a mortgage.
Original Article Source Credits: Canadian Mortgage Trends, https://www.canadianmortgagetrends.com/
Article Written By: Ross Taylor
Original Article Posted on: 11th Jan 2022
Link to Original Article: https://www.canadianmortgagetrends.com/2022/01/can-you-qualify-for-a-mortgage-while-on-probation-at-your-job/