Question: We are considering a career change that involves a long distance relocation. We will be selling our current home and expect to profit enough to make a 20% down payment on another home upon moving. I’m curious how likely we’d be able to get approved for a home loan in the new area considering all the changes that will have been made. Is it likely we’d have to rent for a while until stability is developed with the new job? Our credit score is great so we don’t foresee any problems in that area. Surely someone has experienced this
Answer: There’s no way anyone could give you a specific answer because a lot more details about your situation are needed. Call some mortgage brokers who do business in the area where you intend to move and ask them what they think. That way, you’ll have an expert answer that’s based on all the relevant information.
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