Time in the job requirement
Date: Sun, 02/22/2009 - 14:06
I have been in this job for 8 years till 2006 when I started a Masters (for 2 years) and didn't complete it because I landed in a job 9 mo ago (same field but different company)
Will that be a problem ? As lenders needs 2 yrs in the job
thanks
Will that be a problem ? As lenders needs 2 yrs in the job
thanks
All lenders have different requirements. Mainly they consider
All lenders have different requirements.
Mainly they consider length of employment because they want to see job stability. A person who tends to bounce around a lot from job to job may be prone to stop paying "in between" jobs, and a lender really does not want to hear "I lost my job" as an excuse for not paying.
If you have a strong "previous" job history, they will take that into consideration; just let them know.
