http://www.mortgagecreditproblems.com/blog/how-long-do-i-need-to-have-my-job-to-get-a-home-loan/ Expert Advice & News on Bad Credit Mortgage, Mortgage Refinancing & Home Loans Sat, 21 Nov 2009 04:19:42 +0000 http://wordpress.org/?v=2.3.2 http://www.mortgagecreditproblems.com/blog/how-long-do-i-need-to-have-my-job-to-get-a-home-loan/#comment-3627 Lesley Tennison Thu, 04 Jun 2009 18:11:58 +0000 http://www.mortgagecreditproblems.com/blog/how-long-do-i-need-to-have-my-job-to-get-a-home-loan/#comment-3627 Hi. The Underwriter's actually glance at the company you are working at. However, legally they cannot make the assumption that the company is going in the toilet. There are some broker's out there, that in the past, declined a loan due to a processor working at Countrywide. The borrower could have sued the company if the new lender didn't get their loan closed on time and had penalties for closing late. If a borrower were to lose their job at McDonalds and then got a job working in an office for a dentist, the Underwriter would look at that as a "step up" and use that new income. If the borrower went from an office to McDonalds, that may be an issue and the DE Underwriter deny the file. Hi. The Underwriter’s actually glance at the company you are working at. However, legally they cannot make the assumption that the company is going in the toilet. There are some broker’s out there, that in the past, declined a loan due to a processor working at Countrywide. The borrower could have sued the company if the new lender didn’t get their loan closed on time and had penalties for closing late. If a borrower were to lose their job at McDonalds and then got a job working in an office for a dentist, the Underwriter would look at that as a “step up” and use that new income. If the borrower went from an office to McDonalds, that may be an issue and the DE Underwriter deny the file.

]]>