If you’re buying a home in the Seattle area right now, there’s a good chance this thought has crossed your mind: What if I lose my job before we close?
It’s not an irrational fear. Tech layoffs have been real and visible, economic uncertainty is genuinely elevated, and buying a home is one of the largest financial commitments most people make. The last thing anyone wants is to be mid-transaction when bad news arrives.
The good news: there’s a lot more nuance here than most buyers realize — and understanding what lenders actually look for can help you make a more confident decision. [Read more…]
Most loan officers do the same thing the moment you reach out: they ask for your income, pull your credit, and hand you a rate quote. Sometimes they skip even that and just send you an application link.
If you’re 5 to 10 years from retirement and you haven’t taken a hard look at your mortgage lately, now is the time. Not because anything is wrong — but because the decisions you make in this window can significantly change what your financial picture looks like when you stop working.
