How To Secure A Mortgage With Competitive Rates

The Influence of Your Employment Status

There’s an often overlooked fact about mortgage applications: your employment status can wield significant influence. Lenders favor stable and continual employment histories. Even if your salary is impressive, frequent job changes or gaps can raise eyebrows and affect your rates.

But commitment pays off in ways you might not expect. Some companies have relationships with lenders, offering better rates to employees—many people are blissfully unaware of this insider advantage. But here’s the twist: it varies from industry to industry.

The key is understanding the weight of your employment type. Permanent positions are more appealing to lenders compared to temporary contracts. Knowing where you stand could save you from unpleasant surprises.

Imagine job stability being your golden ticket to favorable terms. But there’s more to this story—what if your location also holds unsuspected sway over your mortgage destiny?