Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago, 10/17/2018
Job Change - Will it Affect My Chances of Getting a Loan/Lender?
Hello all! My husband and I are still in the “education” phase of our real estate journey, but we plan to buy our first propert no later than 2020 - quicker if we can save up capital faster than projected.
His job environment is not healthy, so he has been trying to find another job within the same field, just at a different establishment. Will that impact our ability to get conventional loans and/or work with hard money lenders at all?
I also am studying an accountant program, and I also want to change jobs into that field as it will double my personal income, and thus increase our capital and reserves, and also benefit our real estate journey through the knowledge I will gain. Now that may still be 3-5 years away, but will that make loans harder?
Thanks for reading and I hope to learn a lot from you all!