relocating and getting approved for a mortgage
"Jimmy" wrote...
Our credit is good. Our income is stable. However, how tough is it to
get approved on a mortgage that's just below a Jumbo amount when one
of us hasn't secured a job at the new location?
You can find out by attempting to pre-qualify with a bank, credit union, or
mortgage company based on the single income. They will tell you what is the max
loan and/or payment they will allow.
It's not a good idea to base a mortgage payment on both incomes, anyhow...
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