Do I need a job to qualify for a mortgage loan?

Do I need a job to qualify for a mortgage loan?

Ron Goodlin (Mortgage Banker and Broker, The Goodlin Group) gives expert video advice on: Will lenders look at my bank accounts?; What can I do if I am rejected for a mortgage loan?; How much of my monthly payment is considered interest? and more...

Believe it or not, there are lending institutions out there that will give you a mortgage loan without a job. However, you are definitely going to pay for it with a very high interest rate and, at the end of the day, do you really want to be getting more into debt when you don't have supplemental income coming in to support it? So, yes you can qualify for a mortgage loan without a job; it can be done, but I do not recommend it.