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- May 2, 2002
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Hey folks,
There was once a great thread going on mortgages on here. Extremely useful stuff. I should have posted this question then, but oh well--maybe someone will know now.
Traditionally I believe one needs to have had a job for awhile, established credit, etc to get a mortgage. Well, for us that are going to be just starting residency do they make an exception. Furthermore, most programs start July 1 with compensation likely 2 weeks in. So, no paycheck until mid-July. But, it would be nice to be moving into your new place weeks to a month before you actually start. I wonder if this is at all possible? i.e. would they let you use loan money or other savings to pay for the first month or two mortgage until you get paid??
There was once a great thread going on mortgages on here. Extremely useful stuff. I should have posted this question then, but oh well--maybe someone will know now.
Traditionally I believe one needs to have had a job for awhile, established credit, etc to get a mortgage. Well, for us that are going to be just starting residency do they make an exception. Furthermore, most programs start July 1 with compensation likely 2 weeks in. So, no paycheck until mid-July. But, it would be nice to be moving into your new place weeks to a month before you actually start. I wonder if this is at all possible? i.e. would they let you use loan money or other savings to pay for the first month or two mortgage until you get paid??