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Old 03-26-2015, 09:03 AM
327 posts, read 793,910 times
Reputation: 240


I was in my first job out of college (2006-2013) for seven years. I hadn't planned on staying that long, but after 2008 it was impossible to find better positions. I was lucky in that my job at the time (government) was stable, so I stayed and waited it out. In 2013 a good opportunity finally came along and I jumped on it. I've been at my current position for almost 18 months now, but a friend just reached out to me about another job which would be a significant promotion/salary increase ($10K more than I'm making now), along with some other great benefits. However, we are in the process of trying to sell our house and will need to get a mortgage in the next few months. If I end up going to a mortgage broker having just started a new position is this going to present a problem since one of the first questions they seem to ask is always "How long have you been at your current job."
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Old 03-26-2015, 09:29 AM
Location: Somewhere in USA
537 posts, read 452,844 times
Reputation: 467
most likely NOT. Mortgage companies mostly care about the time you are OFF from work, as in you're out of work for a period of time. If you're onto a new job and even got a raise, it should not stop you from getting a mortgage. Your work history will show them you can afford payments. This is why they need employer info to validate your employments and salary.
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Old 03-26-2015, 09:31 PM
2 posts, read 1,951 times
Reputation: 10
OK I read this thread for insight into my situation and the answer is not what we've been experiencing. My husband and I are both getting new jobs with no gap in employment, but we can't get a lender to agree to loan to us until we've gotten the new pay stubs for some period of time (there will be no time off work!) I'm hoping to hear advice on this issue, i.e., what can we produce for lenders so that they trust us as clients?
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Old 03-26-2015, 09:36 PM
Location: Long Island
9,038 posts, read 18,355,935 times
Reputation: 4745
You have a better chance if it's in the same industry. If it's a complete change, most likely it will make it more difficult.
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