Mortgage with new job

[bell]

Greetings,
If I get a new job will that affect my chances of getting a mortgage since It will show I've been employed at my new job for only a couple months?
Thanks!!!

 

[Bunny_roses]

if you have already been working, then it shouldn't make any difference. They look at how long you have been employed. Some Mortgage companies I think look to see that you have been employed for 3 years I think. Then they will look to see how stable your job is. During the process of the app. they usually get a hold of your employer and ask them questions like, what are the chances that you will be employed there for a long period of time. When it comes to a mortgage though the best thing to do is make sure you are in a really good position credit wise and job wise before you get into it. this way you have the best chance of getting a good interest rate.

 

[Mirage]

Yes, if you've had another job for the last 3 years then it shouldn't be a problem. However, if you have a bad job record, and have had several jobs off and on over the past 3 years then that could be a bad thing.

Sounds like you are just making a switch to a different one though. If that's the case I don't imagine you'd have a hard time getting a mortgage.

 

[katharina]

Greetings,
If I get a new job will that affect my chances of getting a mortgage since It will show I've been employed at my new job for only a couple months?
Thanks!!!

Like someone else said, if your track record is good with jobs, it shouldn't
affect a mortgage. Although I don't know much about it, I *have* heard
that some people do the pre-qualifying route for a mortgage. I think I've
only heard they do that to see how high they can go on price, but if a
new job is to come around the same time, it probably wouldn't hurt to
be pre-qualified. I hope someone corrects me on that if I'm wrong.