does being fired from a job

supersonicboy

New member
Oct 3, 2004
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affect your chance at getting a mortgage?

or do they look only if you are currently employed full time (which i am)
 

freakshow

Active member
Dec 20, 2002
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Depends did you get fired last week? Rule of thumb is 3 years with same employer
 

tboy

resident smartass
Aug 18, 2001
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way out in left field
When obtaining all kinds of credit/loans they look at your employment record to see how long you stay at each job and whether you will remain employed during the repayment period. They have no way of knowing why you left each position so you being fired should not affect your credit history.

however, if you've changed jobs every couple of months and have lapses in your employment history, will reflect poorly on your entitlement to receive a mortgage. Then again, if you're a first time buyer, CHMC will probably insure you anyways.

Good Luck dude!
 
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