New Job with Higher Salary - Pre-Approved for Mortgage?

[Caleb Gray]

Hello there,

I recently (last week) started a new job with a 50% salary increase (going from 50K - 90K, from a not-for-profit startup to a much more established not-for-profit). I'm looking into options for financing a first house and met with a mortgage banker about 4 months ago before the job search happened. I put most of the house hunting on hold while the job situation was settling out, but now that I have it set, I wanted to know when is the best time to re-engage with the mortgage banker? They required the last 2 months of pay-stubs when I went in earlier, and I haven't been on long enough to get paid yet at the new job.

I'd like to get into that first house (mutli-family property) before next fall, so I have some time, but I also don't want to wait around if I don't have to. I'm also going to explore other creative ways to make this work in the meantime.

Any advice on this one?

Thanks,

Caleb