Home > Uncategorized > Mortgage Mistakes to Avoid: Job Hopping!

Mortgage Mistakes to Avoid: Job Hopping!


In honor of Easter, I thought I would talk about Job Hopping!

In this economic environment, it is not unusual for borrowers to have changes in employment however the underwriter is looking for consistency.  The underwriter will want to see that your monthly income is consistent and expected to continue into the future.  The underwriter isn’t necessarily concerned about job changes in the same line of work, however a big career change can be an issue and could require a minimum of a 2 year history.  

Perhaps, if you are considering a change, you just wait until after your mortgage transaction has closed before you make any moves.  Just keep in mind, your impending mortgage payment is going to come due and your job change will need to be able to support your new happy house payment.

Having a dream is good, owning one is better!

Leslie Pelletiere, Owner

First Class Financial Services

602.294.9288 (p)

www.fcfs.net

MB#0902810 / NMLS# 162476

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