Tuesday, September 13, 2011

How does Job Change effect on approval of Home loan?

I have decide to buy a FLat in Kolkata,India. Recently I have got a new job. Though still I have not joined.I will aplly for Home Loan to purchase the flat.



I want to know what will be the effect of the Job change on the approval of Home loan?How does Job Change effect on approval of Home loan?
I'm not sure if the same process applies in India, but in the United States a new job is fine, as long as you can show a stable, consistent employment history of 2 years. Usually, the lender will verify both your current job and your previous job.How does Job Change effect on approval of Home loan?
Job change for better prospects will be considered positively.



But Get approval from Home Loan Company and buy it before changing the job as the individual who deals can make confusion and delay the process.
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