M300 Blog / March 2nd
Why You Shouldn’t Switch Jobs When Buying a House
Your employment history and income are critical parts of your home loan application. Making a job change now — even if you get a better title or more money — can delay or even derail your loan application.
Our Underwriters look not only at your income, but also at your employment history. If you suddenly switch companies, industries, or pay structures, it could be seen as instability and seriously impact your chances for loan approval.
In some instances, we may even need to contact your employer on closing day to verify information before your loan finally funds!
Be sure to stay consistent and delay any major changes until after your loan closes and funds.
If you have any questions or doubts about an action you are considering, please contact your Loan Officer right away so we can discuss your options and keep your loan on track.
Posted from VibrantLiving Newsletter - https://www.vibrantlivingnewsletter.com/single-post/2018/03/26/Why-You-Shouldnt-Switch-Jobs-When-Buying-a-House
This article is for information purposes only and is not an advertisement to extend customer credit as defined by Section 12 CFR 1026.2 Regulation Z. Program rates, terms and conditions are subject to change at any time.
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