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Updated about 10 years ago on . Most recent reply
Is getting a new job going hurt me in attaining a loan?
Hi guys need info, starting a new job pretty soon. I'm interested in buying my first rental property, just concerned on qualifying for a loan. I rent and I do not have a mortgage currently, have good credit and 20% down. This being said should I be worried? If so how long before I can get a loan?
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@Geff Acosta It could hurt you if you are changing industries and were not at your previous job very long. When you are in accumulation mode buying properties and have a good full time w2 J O B... sometimes it is worth the pain to keep accumulating.
Frank