“Changing Jobs Just Before Applying for a Mortgage”

 “Changing Jobs Just Before Applying for a Mortgage”

 

 

I do have a question regarding my job and how it would affect loan approval etc.

I've been here for 26 months, and would like to start looking for other positions out there with more pay, and possibly be closer to Tolland.

I currently make 56k and my wife is going to be making 81k. I'm wondering if by being at a new job and only being there for a few months would affect my interest rate or the loan in any way. I would be looking for a job in the same field, just a better overall job. Thank you, Eric

 

The simple answer is, “not usually a problem”. As I advised Eric, definitely always keep your eyes open for an opportunity of a better paying job. I let him know that lenders always want to see that the new job is in a similar line of work.

 

I just recently ran into a problem with a client that made a job change in the middle of a mortgage application and didn’t tell us and when we called to verify employment we were told that the person no longer worked there. Are you kidding me?

 

I called in a panic and he said he didn’t realize it was a problem, even though we give each client a list of dos and don’ts. It eventually closed but we were delayed by 2 weeks

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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Comment balloon 6 commentsJoe Petrowsky • September 22 2017 07:08PM
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