AFTER A LAYOFF / START HERE01 / 12
You can pause here.
If you have just been laid off, you can use this guide for research without taking on a new purchase. Start with the household's current needs and the reliability of future income.
If you are already applying for a mortgage or under contract, tell your lender promptly about the change in employment or income. Ask your qualified local adviser about your contract and deadlines before taking action. This guide cannot determine your financing eligibility or legal obligations.
CFPB encourages considering whether the timing fits your finances and circumstances. Renting, waiting or revising the price range can be a deliberate decision. [3]
YOUR OWN NOTES
- Am I researching, applying or already under contract?
- Who needs an accurate update from me?
- Which date or decision needs attention first?
Write on the downloaded worksheet or in your own notebook. No written responses are collected here.
Discovery by DeVolOne useful step.