Friday, March 20, 2015

Will unemployment benefits ruin my chance for mortgage?

After working the same job for 10 years… Just found out that our contract at work is in limbo, locked up in the court system, and originally they had back up positions aligned for us in case we lost the contract. Now, SURPRISE, due to confusion amongst other departments in the company. Not everyone has positions being held.
I'm concerned I may be forced on unemployment until or contract gets renewed or I get hired for another position… Will this shatter our oppurtunity to by a new house now? Obviously unemployment cannot be considered a stable income.

Read more: Will unemployment benefits ruin my chance for mortgage?