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How does having a stable job affect my home affordability?

Curious about Home Affordability

How does having a stable job affect my home affordability?

Having a stable job can positively impact your home affordability. Lenders prefer borrowers who have a stable job and a steady income, as it shows that they are more likely to be able to make their mortgage payments on time. A stable job also increases the likelihood that you will be approved for a mortgage and may result in more favorable loan terms, such as a lower interest rate. Additionally, a stable job can help you better manage your finances and create a budget that accommodates your monthly mortgage payments.

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