Key Highlights
- But the stress can mount if you’re ready to close and are suddenly laid off.
- Picture this: Samantha, who earns $170,000, is buying a home with her partner, James.
- Unfortunately, James was laid off from his job just a few days before closing — and after the mortgage lender called his company to verify his employment.
- Now, Samantha and James are in a difficult position.
- Can they go through with the loan without informing the mortgage lender, and can they rework the plans that they already had in place to afford the mortgage?
