An underwriter will want to see that you have a two year stream of this part time income before they give you credit for it.
…So, in other words if a loan officer tells you that you need more income – you can’t just run out and get a part time job to satisfy this need.
…You wouldn’t fulfill the 2 year work history on it.
The reason a loan officer would tell you that you need more income is your debt to income ratio is probably on the high side. …and, sometimes there are other ways to solve this problem. If you are in this situation give me a call or shoot me an email. I just might be able to help you out!
I hope you have a good day today. Thanks for reading!
That’s it for today.
Thanks for reading!
Brett
USDA is a 100% government insured loan. Low rates, and no down payment. However, there…
The bad news is that according to Redfin, 38% of U.S. renters don’t believe they’ll…
In Texas we have some unusual rules when it comes to getting cash out of…
If you pay your property taxes apart from your mortgage payment, and you didn’t get…
If you purchased a home using your own cash, and now would like to pull…
Did you realize that when buying a house from an immediate family member – the…
