Buying A Home
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follow up to maternity leave and mortgages
I know this was posted last week but can't find the post. We had been pre approved for a mortgage about a month ago. We are working with a smaller lender. I am now out on ML and getting 60% of my salary through disability. I poke with my lender regarding this and she said I need to be back at full pay for one ay cycle prior to closing. Just info for those of you who are pregnant looking for houses - check with your lender!!
Re: follow up to maternity leave and mortgages
http://realestate.msn.com/blogs/listedblogpost.aspx?post=30269629-02bd-40a4-ae90-8bbf93add341
They will not deny it but it is a change of income compared to what was previously offered. In their eyes I can't produce proof of my income and it's no different than if I quit my job. I don't think it's bring discrimnatory, I actually understand and agree with it. Whose to say you would approve me for a x amount mortgage, we close and now I can't pay it because I decide to stay home with Jr?