Q: If my family relocates after selling our home, will we be able to buy another home without having jobs there yet? Would a cosigner take of that?
?Anonymous, Shreveport, LA
A: You will probably have a difficult time finding financing until you have jobs, preferably in the same industry you previously worked in. A cosigner could help, depending on their financial strength, but if your name is on the title with the cosigner, the lender will still want to review your credit and other financial resources.
Phil Lunnon is a Realtor? with Lunnon Realty in Lakewood, CO.
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Source: http://www.realtor.com/blogs/2012/10/24/if-i-relocate-can-i-buy-a-home-without-having-a-job/
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