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Picking Up A Second Job To Secure A Mortgage: Is It A Good Strategy?

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Manage episode 463985030 series 3012587
Content provided by Bill Litton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bill Litton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

One of the main pillars for securing a loan is income and a strong housing market means you might need a little more to qualify for the home you have your eyes on. Can picking up a second job help you qualify and how long do you need to have it before it starts counting towards your application? Today we’re talking all about income and the factors that come into play when you submit your loan application.

Tune in to learn more about the role of income in mortgage applications and discover strategies to enhance your financial profile for a successful home purchase.

Here’s what we discuss in this episode:

0:00 – Intro

1:13 – When can a second job be used on a mortgage application?

2:27 – Focusing on eliminating debt

5:33 – Does the two-year threshold apply to a new primary job?

7:05 – Having a strong lending team on your side

CONTACT:

Schedule a time to meet with Bill here: https://calendly.com/blitton/

Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info: https://smartmortgageshow.com/

Call: 484-352-4151

Check us out on YouTube: https://bit.ly/3KbUxAF

  continue reading

99 episodes

Artwork
iconShare
 
Manage episode 463985030 series 3012587
Content provided by Bill Litton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bill Litton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

One of the main pillars for securing a loan is income and a strong housing market means you might need a little more to qualify for the home you have your eyes on. Can picking up a second job help you qualify and how long do you need to have it before it starts counting towards your application? Today we’re talking all about income and the factors that come into play when you submit your loan application.

Tune in to learn more about the role of income in mortgage applications and discover strategies to enhance your financial profile for a successful home purchase.

Here’s what we discuss in this episode:

0:00 – Intro

1:13 – When can a second job be used on a mortgage application?

2:27 – Focusing on eliminating debt

5:33 – Does the two-year threshold apply to a new primary job?

7:05 – Having a strong lending team on your side

CONTACT:

Schedule a time to meet with Bill here: https://calendly.com/blitton/

Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info: https://smartmortgageshow.com/

Call: 484-352-4151

Check us out on YouTube: https://bit.ly/3KbUxAF

  continue reading

99 episodes

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