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Nowadays because of an immediate joinee service based company recruit ppl with less skills and candidates are not able do day to day tasks after on boarding
So for these candidates who cant perform well when they billable what company can react for this like release from project or lay off them or give training?
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The mortgage is secured by the house. Secured loans don't create an independence issue.
I believe mortgages and car loans are generally not an issue. Might need to do some digging in the independence policy.
Isn’t this on the CPA exam? Secured loans like cars and homes don’t normally matter. (I’m tax, not audit)
This is bad advice. There absolutely are restrictions on mortgages. Call Independence.
The mortgage itself should not cause any independence issues but make sure you report it to independence. Title insurance on the other hand should be researched before you get a policy as you could have independence issues with that.
I was told to use Wells Fargo by independence. It had something to do with that being EY's bank.
I'm sure your local credit union is fine. They usually offer better rates anyway.
Search around on EY employee website. There used to be a list of preferred lenders.
Only issue for you is if house is worth less than the mortgage balance.
If it’s your primary residence and first mortgage - some restrictions don’t apply. I have a mortgage with a broker ultimately owned by a financial services client I work on, I checked with Independence and have it in the system, they said no issue.
Thanks everyone!!!!!
This is going to be my second home. I currently have freedom mortgage and I think it’s restricted, but because my mortgage was bought by freedom from my original mortgage firm rather than myself apply directly I was able to get away.