Suppose that you are putting together a loan application to purchase a home. Bas

Question

Suppose that you are putting together a loan application to purchase a home. Based on your income and assets, you qualify for a mortgage loan, but just barely. How would you address each of the following situations in reporting your financial position for the loan application? In your post address each of these different situations and IF and HOW you should disclose them to your mortgage lender:

a) The company at which you work isn't doing very well, and it has recently laid off employees. You are still employed, but it is possible that you may lose your job in the next few months.

Explanation / Answer

in this conditions i wont prefer to take home and wont prefer to apply for loan. because if anything wrong happens and i lost job, my loan repayment will not be possible. in this case i will become as an insolvent. so all this is not good for me and to my career also.

i only search a new job and resigned the existed one and later i will think about the new home. be practically and accept the reality. otherwise we may failure at our lives.

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