Log In

Your email is not your username

Register

If you were a member of the old Bodybuilding.com forums and would like to reuse your previous username, you can request it below. We use your email only for registration and do not store it. For more information, please see our Privacy Policy.

Confirm your email

A registration code was sent to your email. Enter it here.

Welcome

You have successfully setup your account.

Sign in

Quick Navigation Bottom Misc
Forum » Any mortgage brahs for a basic question (srs) (20k+ reps)?
  1. Results 1 to 4 of 4
  2. Page 1 of 1

Thread: Any mortgage brahs for a basic question (srs) (20k+ reps)?

post 1635583843 04-06-2021, 04:42 PM
-
#1
  1. SaviorSelfJT
  2. clownslayer
  1. SaviorSelfJT
  2. clownslayer
  3. Join Date: Aug 2010
  4. Posts: 12,855
  5. Rep Power: 166618

Any mortgage brahs for a basic question (srs) (20k+ reps)?

Context: your company is going out of business within the next two months, or rather the company as a whole is staying in business but your regional office is shutting down in the next two months. It's public knowledge too because its a very large public company. Getting laid off soon is a certainty.

Will this be a problem if you tried to get approved for a mortgage now? From what I read online the lenders do a verification of employment and ask how likely it is that you will remain employed. Just wondering if its even worth bothering trying to get a mortgage rn
Best lifts:
Bench press: 315x5
Squat: 465x1
Strict press: 205x5
Deadlift: 405x13 (conv tap'n'go with straps)
post 1635584133 04-06-2021, 04:47 PM
-
#2
  1. GM54
  2. Registered User
  1. GM54
  2. Registered User
  3. Join Date: Mar 2004
  4. Location: United States
  5. Posts: 6,392
  6. Rep Power: 34945
Mine asked for a copy of a few pay checks And sent my office a request for employment verification. I don't think they asked about job certainty
<HTC>
post 1635584403 04-06-2021, 04:49 PM
-
#3
  1. SaviorSelfJT
  2. clownslayer
  1. SaviorSelfJT
  2. clownslayer
  3. Join Date: Aug 2010
  4. Posts: 12,855
  5. Rep Power: 166618
Originally Posted By GM54⏩
Mine asked for a copy of a few pay checks And sent my office a request for employment verification. I don't think they asked about job certainty
I think that request has a slot for "probability of continued employment"
When a mortgage lender requests a written verification of employment from the borrower’s employer, one of the questions that are asked is whether the employee’s likelihood of employment will continue for the next three years


Read morehttps://gustancho.com/verification-of-employment
Reading similar things on a bunch of other sites as well
Best lifts:
Bench press: 315x5
Squat: 465x1
Strict press: 205x5
Deadlift: 405x13 (conv tap'n'go with straps)
post 1635585013 04-06-2021, 04:56 PM
-
#4
  1. Glutebrahhh
  2. Glutes of Peace
  1. Glutebrahhh
  2. Glutes of Peace
  3. Join Date: Sep 2020
  4. Posts: 4,079
  5. Rep Power: 16807
Getting a mortgage is kinda like buying drugs. Everyone has different stuff at different rates, and different expectations.

The question that comes to my mind is, would you get a mortgage knowing you're about to get laid off?
Quick Navigation Top Misc
Bookmarks
Digg.com
Digg
del.icio.us
del.icio.us
Stumbleupon.com
StumbleUpon
Google.com
Google
Facebook.com
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts