Wednesday, August 7, 2013

When Second Job Income Counts

Many people have second jobs these days and we are often asked when that income counts towards qualifying for a mortgage.  Here are the rules:

Second job income (whether part-time or full-time) can only be counted towards qualifying for a mortgage if the borrower has had both jobs (primary job and second job) for a full two years.

If the borrower has had the second job for less than two years, then only the income from their primary job can be counted.

Have questions about income or anything else related to mortgages?  Give us a call and get the correct answer the first time.

Getting a loan approved is easy - if you know what to do.  The Mortgage Experts know what to do!!!  

Make sure you check out our web site:

By the way, don't forget to refinance your current mortgage.  Rates are very, very low right now.  Don't miss out!  Call us today to get the details for your particular situation.

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