Switching jobs AFTER closing? (loan, loan, default, lender)

[NM posts]

Hi all,

I'm closing on my house in mid-September and am not looking for a new job; will still be employed at my current job as of closing. However, there might be an opportunity within a few months after closing that I might want to explore. Someone at that company reached out to me about the possibility though it's not set in stone. I telecommute and would still so wouldn't be moving.

I know you don't want to switch jobs before closing - but what about within six months or so after? Like I said this may not happen but it might be foolish to pass it up if it does come my way.

Thanks!

[tigger37708]

Not a problem

[Property Cupid]

That would not affect your mortgage at all. Just don't switch jobs until the Deed has recorded.

[chet everett]

Once you close there is no practical way for the lender to determine your employment status. There is probably some fine print in some of the loan applications that in technical sense could be used to pursue a fraud case against borrowers that knowingly hide an upcoming lay off or something like it from the lender and subsequently defaulted on the loan, but even that would be a stretch.

As long as you pay your mortgage in a timely manner the lender really could care less what you do to earn a living...