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Updated about 4 years ago,
Will I get better rates if I have a full time high paying job
Hey all!
My intro post covers it a bit more but I am planning on quitting my job and going full time in to real estate.
I figure prior to quitting I should lock down a property w/ conventional financing since the bank will give more favorable rates if they see I have a large paycheck and W-2. Is this a valid assumption? Does this apply to both investment and residential loans?
I would prefer to purchase and renovate my next property after quitting since I will have full time to renovate it myself, etc. but if my assumption is correct I should purchase it while still working full time.
Thanks for any information!