3 Employment Factors That Can Affect Mortgage Approval
When it comes to mortgage approval, there is often the assumption that mortgage lenders only care about whether the applicant is employed. Gainful employment is essential, but the applicant's employment is only the beginning. Mortgage lenders often dig much deeper when it comes to employment status.
1. Virtual Commuting
During the pandemic, many companies shifted their employees from the traditional office environment to at-home or virtual employment. As the world is transitioning back to normalcy, some employers are committed to maintaining this model, while others are slowly shifting toward an in-office model.