How a Stable Job Can Improve Your Mortgage Loan Eligibility

Bajaj Finserv19 Feb, 2025Finance

A steady job is one of the most important factors in mortgage loan eligibility. Lenders prefer borrowers who have been with the same employer or industry for at least two years. This shows financial stability and assures lenders that you can make regular mortgage payments. If you frequently switch jobs, lenders may see you as a risk. To improve your chances of approval, avoid unnecessary job changes before applying for a mortgage. If you are self-employed, maintaining a stable income and keeping proper financial records can also help strengthen your mortgage application.