Can I get a mortgage while working a temporary job?
I've been saving to buy my first home for the past couple of years. I have enough money to put 20% down and my credit is very good (I've never carried a balance or paid late on anything...I'm also 25, so it's not like I have the same history as someone older, but at least it's good).
My only concern for applying for a mortgage is my job - it's classified as "full-time temporary". My current contract lasts through August but I'm getting the feeling from my employer that, instead of being brought on full-time when the contract is up, that it will be extended at least another year.
Will it be possible to get a mortgage while working a contracted, temporary job? If a bank takes a chance on me, will I have to pay a ridiculous interest rate?