Posts Tagged ‘Temp Worker’

Agency Worker Loans

March 25th, 2010 35 Comments
Posted by

Nearly all people need to work and earn, join the rat race, it is a continuous process of needing to fuel the need to survive.  For those who are fresh graduates, and are looking for a new job, they tend to seek the help of agencies to provide them with good, high earning employment, which may be on a project basis at first, then develop into a regular job.  However, for those who rely on agencies to find their jobs, these types and forms of jobs are often temporary.  Although they can be considered to be only temporary earnings, they turn out to be generally beneficial, and projects are abundant.  This is especially true for mining, IT and healthcare jobs, which are in constant demand.

When these temp or agency workers try to apply for a loan, the story may be different from those who are regularly employed.  Those who are regularly employed with a stable job and constant income have it easy, and often get the best loans available as long as they provide the correct documentation and they keep their credit scores in check.

Temp or agency workers on the other hand are a different story.  Banks and lenders often see these types of workers as too risky to grant a home loan to.  Because of the possibility that they lose their income flow after a certain project, they are not the best candidates for home loans.  This does not mean that it is impossible for them to have a loan approved.  There are a handful of lenders out there that are willing to grant a home loan to temp or agency workers.

For more information on loans for temp or agency workers it would be best to consult the experts on home loans.  They can direct you to the lenders who are most likely to grant your home loan and can advise you as to what particular requirements to prepare in order to get the loan approved.