Income And Employment

In this blog, we will cover and discuss on ways on how can you get a mortgage after retirement. Seniors can qualify for a mortgage after retirement using retirement income and/or other sources of income. Tens of thousands of seniors purchase homes for one or many reasons after retirement. Some need to downsize their homes,…

In this article, we will cover and discuss changing jobs until finding the perfect career. In my 12+ years of being in the workforce, I have changed jobs 7 times and am currently working for my 8th job. Now before you jump to any conclusions, I am justified in my logic of why doing most…

In this article, we will discuss and cover qualifying for mortgage with irregular income on a home purchase. Income qualification by loan officers is one of the most important factors in getting a residential mortgage loan approval. There are strict income and employment guidelines when it comes to qualified income. Cash-income and/or undocumented income cannot…

This Article Is About Employment Offer Letter Mortgage Programs And Guidelines Recent college graduates can now qualify for a home loan with an employment offer letter mortgage. Employment and income are some of the most important factors when it comes to qualifying for a mortgage. Mortgage underwriters will look at the borrower’s employment history for…

This Article Is AboutThe Real Truth About Unemployment And Qualifying For Mortgage Here’s something that most Americans including the smartest and most educated don’t know is that the official unemployment rate as reported by the U.S department of labor, is extremely misleading. Lately, we’ve been hearing much celebrating from the media, the White House, and…

This Article On Using IRS 4506T Form In Mortgage Loan Processing Mortgage lenders require income verification with not just the employer and with requiring income tax returns, but will also need to verify the income and tax returns with the Internal Revenue Service to make sure that the income tax returns are valid. The way…

This BLOG On Negative Income With Co-Borrowers Mortgage Guidelines Was UPDATED And PUBLISHED On May 17th, 2020 FHA allows non-occupant co-borrowers to be added on borrowers who has little or no income. Income is the most important factor when it comes to qualifying for FHA Loans Income is more important than credit when it comes…

This BLOG On VA Employment History Guidelines To Qualify For VA Loans Was UPDATED On April 15th, 2024. VA Loans is the best loan program in the U.S. Unfortunately, not everyone can qualify for VA Home Loans. To be eligible for VA Loans, borrowers need to be either an active member of the U.S. Military…

This ARTICLE On Mortgage Guidelines After Unemployment Due To Coronavirus Crisis Was PUBLISHED On April 4th, 2020 There are many Americans who have worked hard over the years saving money to purchase a home in 2020. The US economy was stronger than ever in the history in the past several years Job growth was increasing…

This BLOG On Recent Increase In Income And How It Is Viewed By Underwriters Was UPDATED On April 18th, 2019 Depending on mortgage underwriters, W-2 income is calculated in various ways. Mortgage lenders require two years of employment history This does not mean borrowers needs to have worked for two years at the same company Home…

Prepare for Initial Costs You’re going to pay the rent and possibly other fees each month, but you should also be prepared for initial costs. The cost of moving into a room can be high with one-time costs that you may not anticipate. For example, you may pay an application fee, a month’s rent for…