The guidelines for obtaining a mortgage these days favor those who get a regular paycheck. Even if you have almost no money for a down payment, the lenders are happy to lend, if you are what they consider “employed”. Doesn’t matter that you may be laid off and not be able to find another job. As long as you are getting that regular pay check when you apply for your loan, the lenders feel a sense of security. [click to continue…]

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