Monday, May 17, 2021

When A Part Time Job Won't Help You...

 Mortgage Broker AdvisorGood Morning!

If you are considering getting a part time job to give you extra income for mortgage qualification purposes – consider this…

Underwriters will want to see that you have a two year stream of this part time income before they will give you credit for it.

…So, in other words if a loan officer tells you that you need more income – you can’t just run out and get a part time job to satisfy this need. …You wouldn’t fulfill the 2 year work history on it.

You do have other options though… If you are in this situation – please give us a call or drop us an email. We would love to try to help you.

That’s it for today!

Have a good day today!  …and thanks for reading.

Brett

 

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