We are set to close on a house within the next week, and have just received a clear to close from lender. However, my partner, who is the only income on the loan, just lost their job. We have enough savings, as well as my employment, that this is not an issue for us financially. My question is, with their income being the only one on the loan, would this cause the deal to fall through this close to closing?
Again, financially we are fine and only need my income plus our savings in the meantime. My main concern is primarily on closing on this house, we are 8 months into our search and 3-5 offers. My living situation relies on this house closing. I spent thousands beteween inspections, appraisal, and earnest.
With us already receiving a clear to close, I am wondering if the lender will even verify employment again after this. If you have any thoughts or advice please let me know ASAP
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source https://www.reddit.com/r/RealEstate/comments/1jqdl15/buyer_in_need_of_urgent_advice/
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