4 ms·
Do lenders let you get a mortgage if your income is unemployment payments that run out in 20 weeks? I would assume not, but maybe there are regulations that req
by sfkdjf9j3j 6y ago
Do lenders let you get a mortgage if your income is unemployment payments that run out in 20 weeks? I would assume not, but maybe there are regulations that require them not to consider the source of the income if its from unemployment.
- nanl2053 6y agoIt’s not unemployed people getting new loans, it’s that they can continue to pay their existing loans preventing foreclosures and a drop in housing prices. Banks absolutely consider source of income, length of employment, type of employment.