Employment and Mortgages

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Employment is needed to qualify for a loan since you need to pay the investor back somehow. How much you make is not the only thing taken into consideration when looking at your employment (but is the most important). The duration of your employment is important. Working at a company for a long time shows the investor that you have stable employment and that your employment is not a risk. Generally speaking, the investor want to see that one has worked for 2 years with little to no job gap, with the exception being a recent graduate. Moving around from job to job makes the borrower seem more risky due to the lack of stability especially if the individual changes industries often. The lenders want to see a stable borrower, try your best to provide that for them.

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