George Nettles, Denver CO – I got another informative note from one of my fav lenders, Chris and Debbie Thomas, ‘The Mortgage Experts.‘ I have gotten this question on occasion and so have they. This is what Chris and Debbie have to say about it:
“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.”
Make sure you check out our web site: www.mtgsupportservices.com
And check out all our great tips on our blog at: http://TheMortgageExperts.blogspot.com
Chris Thomas, Phone: 303-345-3683, Fax: 720-208-0676, Email: [email protected]
Debbie Thomas, Phone: 303-451-0977, Fax: 720-208-0676, Email: [email protected]
*George Nettles is an Associate Broker with Brokers Guild Cherry Creek in Denver, CO. He is the founder of www.LuxuryHomesInDenver.com and Denver’s Luxury Home Team. He can be reached at 303-981-7282 or [email protected]