Hopefully this is the right sub! My husband and I are planning to move to back to his Hometown [Michigan] and we have received mixed advice from friends and family about how to go about it. Here is what we have been told:
-
Option A: Buy and close on a house in Hometown before leaving our current jobs. We were told that switching jobs is a red flag to mortgage lenders? We can afford to pay our current rent and a mortgage at the same time for as long as we need to, no problem.
-
Option B: Get new jobs in Hometown first and get a 3 or 6 month lease to live in while we start the home buying process after the move.
This will be our first home purchase, we will have enough for a 20% down payment, and we have 800+ credit. Not sure if that's relevant.
Thanks in advance!
Submitted September 17, 2017 at 06:45PM by hartzpenny http://ift.tt/2f47JuQ
