I changed jobs and joined a company recently about 2 months back and my probation will be over after 6 months (4 months remaining). My husband is in his present job for over 4 years. We did get a preapproval few weeks ago for variable prime - 0.6 but I was told that for my case they will have to get an exception since I have not yet completed my probation. I asked one of my friends about the same who told me that if I get mortgage before my probation is over, they will treat it is as riskier mortgage and there may be additional clauses in mortgage as compared to standard mortgage. Will it be better to wait until my probation is over?
Quote:
Originally posted by lak_canada
I changed jobs and joined a company recently about 2 months back and my probation will be over after 6 months (4 months remaining). My husband is in his present job for over 4 years. We did get a preapproval few weeks ago for variable prime - 0.6 but I was told that for my case they will have to get an exception since I have not yet completed my probation. I asked one of my friends about the same who told me that if I get mortgage before my probation is over, they will treat it is as riskier mortgage and there may be additional clauses in mortgage as compared to standard mortgage. Will it be better to wait until my probation is over?
-----------------------------------------------------------------
Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
Advertise Contact Us Privacy Policy and Terms of Usage FAQ Canadian Desi © 2001 Marg eSolutions Site designed, developed and maintained by Marg eSolutions Inc. |