You probably will not find any loan while unemployed.
unemployment isn't a favorable thing for someone trying to obtain a mortgage.
what happens if moving while still in a wheda loan? any fees or can just get new loan?
Hi j gogs!
Welcome to forums!
I did not understand your query. If you refinance the mortgage, then you will liable for paying off the fees.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
I did not understand your query. If you refinance the mortgage, then you will liable for paying off the fees.
Feel free to ask if you've further queries.
Sussane
If you are unemployed you should try for a loan modification if you are trying to lower interest rate and such. I am not familiar with the type of loan you have, but if they participate under the federal government's Home affordable modification program Hamp, it is worth asking them.
Under HAMP there is an unemployment loan modification. See Making Home Affordable.gov
Good luck!
Under HAMP there is an unemployment loan modification. See Making Home Affordable.gov
Good luck!
Sussane, Wheda is the Wisconsin product for first time homebuyers. If you're moving and selling your existing home, J Gogs, then you'll need a new loan. Wheda is, I believe a one-shot deal, so you'll have to find a new lender for any new property you purchase.
If you can't secure a home loan without a steady income, how much more if you're out of work? And you better have at least 2 years work experience or you'll get denied.
I'm not sure whose question you may have been answering with that post, but assuredly nobody with unstable income is likely to be granted a new mortgage in this current marketplace.