Your employment history and income are critical parts of your home loan application. Making a job change now — even if you get a better title or more money — can delay or even derail your loan application. Our Underwriters look not only at your income, but also at your employment history. If you suddenly switch companies, industries, or pay structures, it could be seen as instability and seriously impact your chances for loan approval. In some instances, we may even need to contact your employer on closing day to verify information before your loan finally funds!
Be sure to stay consistent and delay any major changes until after your loan closes and funds. If you have any questions or doubts about an action you are considering, please contact me right away so we can discuss your options and keep your loan on track.