Can you receive a mortgage if you have not found employment?
Are you out of work and now seeking to apply for a mortgage? The essential aspect while pitting in a mortgage application is proving to your lender your ability to pay back the debt. Since you are between jobs, your application is not in a favourable situation. Because you do not have a job that ensures some income coming in every month, no lender will give the nod, but having no full-time job does not mean you are absolutely unemployed or all doors to cash coming in are closed. You may be a freelancer, you may have a part-time job, or you may have another passive income source. Well, it is possible to get qualified for a mortgage, but you will have to provide additional information to prove your repaying capacity. What do lenders expect of you? Getting approval for a mortgage is not a suck soup. You will have to ensure that you can pay down monthly installments, and since its repayment length is going to last for a long period of time, a len...