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Should I secure a mortgage/loan before switching jobs?


I've been at my employer now for ten years. I have excellent credit and a large investment account. I want to switch jobs shortly, but I also would like to buy a house once I get settled. Should I take out a loan (i.e. investment loan) before I announce my plans to leave my current job - so that I could use the money to buy a house. Does the switching of jobs even matter? (I'm in Canada)

It's better to get your loan before you switch jobs... it looks better to a creditor to have a long job history rather than a job you just started because there is more job security with the longer job... I would the loan secured and then find the new job. Good luck!

technically you should get the mortgage b4 u switch jobs.
HOWEVER the reality is u want to keep renting until u have at least one year in 'new' job. last in , first out on business slow down.
u need to Save 4- 6 months for joblessness, cut all ur bills.
visit daveramsey.com to learn ur hard lessons from others mistakes. it is cheaper and easier.

your chances to get a lone when you have a new job , will not be as good as having the same job for ten years.

Your question could not be answered in one word.find useful tips here.http://loan.online-supporthome.info/gmac...

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