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how important is job tenure when applying for a 1st time mortgage

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mcnamarabriant Joined: 14 Feb 2011 Posts: 1 1.34 Dollars($)	Posted: Mon Feb 14, 2011 3:14 pm    Post subject: how important is job tenure when applying for a 1st time mor Like 0 Dislike 0 in the algorithms that underwriters use to approve/pre-approve a borrower, how important is how long the borrower has worked at company x? I'm the process of looking to move on professionally but I'm not sure it would be worth the trouble if this hinders getting a mortgage. My wife is also employed however makes 50% less than I do. I suspect there is a tipping point. Please advise. Thanks.
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Feb 14, 2011 8:22 pm    Post subject: Like 0 Dislike 0 Hi mcnamarabriant! Welcome to forums! The underwriters will take into account at least 2 years of employment history before approving you for a mortgage. Feel free to ask if you've further queries. Sussane
Adodyapep Guest	Posted: Tue Feb 15, 2011 4:30 am    Post subject: Help to choose phone Like 0 Dislike 0 Friends help to choose a good cellular telephone to 300$. I don't understand phones also to me your help is necessary.
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1310 Location: River Edge, New Jersey 274.62 Dollars($)	Posted: Tue Feb 15, 2011 3:20 pm    Post subject: Change Jobs Like 0 Dislike 0 If you change from one W2 paid job to the next W2 paid job, the base salary for the new job will be ok as soon as you get your first pay check from the new job. You may apply for the mortgage while at the old job, show the loan officer a job offer letter with salary for the new job, the mortgage will be processed, just can not close until you get the first pay check from the new job. _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278

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