Sometimes we have people apply for mortgages that have recently changed jobs.
Here are a few things to keep in mind if you or someone you know is about to change jobs and apply for a mortgage…
The underwriter will want to see your first paycheck at the new job at a minimum, and often they will want to see your first 30 days of paychecks.
The underwriter isn’t trying to make your life difficult by asking for your new paychecks. …This is a common guideline in the mortgage industry.
There is one circumstance where you can change jobs and not have to supply your new paycheck prior to approval…
If you continue to work for the same company, but you are just changing jobs within that company then you won’t have to produce a new paycheck.
If you have more questions on this – don’t hesitate to give us a call or shoot us an email!
Have a good day today! …and thanks for reading.
Brett
I had this situation come up again last week, and I wanted to address it…
One of the most important things you will have to do when you apply for…
I wanted to remind you that we have a 2% to 5% downpayment and closing…
If you receive money from the State or a County sponsored organization for providing foster…
Do you have investment property, and would like to pull cash out of your property?…
I wanted you to know about a mortgage program that doesn’t require any income documentation…