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Need Help.Advice

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winnerman117 Guest	Posted: Sat Apr 23, 2011 8:46 pm    Post subject: Need Help.Advice Like 0 Dislike 0 Hello, Here is my story... I got pre-approved for a mortgage from 2 different banks. So then i went house shopping. I got an accepted offer on a house. So I went in to get my mortgage. I sit there for an hour and a half only to find out that I work for a family business, and i've only worked there for 4 months. Somehow if you work for a family business you need 2 years of provable work history of working for only your family. The loan officer said that if i went and worked at mcdonalds for 4 weeks and could provide those pay stubs that i could get the mortgage with absolutely no problem. This is ridiculous. The reasoning he said was that because kids were asking their parents to make fake pay checks from them from their businesses so they could buy a house... so they passed some regulations that are more strict for family..... that is insane. What would prevent me from photoshopping the name on my checks to mcdonalds, and giving the bank the phone number for a friend to act as my boss..... I'm saying why is this a rule just against people in familys WHEN ANYONE COULD DO IT.... I googled this, and i can't find anything about it.... I need some help or im going to have to bail out of this offermtg- _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Sun Apr 24, 2011 9:03 pm    Post subject: Like 0 Dislike 0 Hi winnerman, It is a fact that you should have a proven income for the last 2 years in order to get a mortgage. The lender will check 2 years of employment history in order to give you a loan. I'm afraid you can hardly do anything in this regard. _________________ Procrastination is the enemy of your financial success

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