#4 - Short Time on the Job - Still within Probationary Period

Often if you have just started a new job and have nor past your probationary period, banks don't want to take the risk of finaning you just incase things don't work out.

However, it has come to our attention recently that it really depends on what kind of job you have, who your employer is, and where you worked previously. If you have a "professional" job, like a lawyer, doctor, nurse, etc., some of our lenders see these jobs as "risk free" from an employability point of view. Whereas, if you deliver pizza, work in retail, or work in construction, they typically won't finance you. However, if you can prove you have been in the same line of work and can demonstrate your income via your last two years of Notice of Assessments, then you might have a way to go. And, if you happened to have recently graduated from university or college and have gotten a job with the federal or provincial government, some of our lenders will approve your mortgage even if you are not past you probationary period.