How do Underwriters Evaluate Employment | #LoanWithJen #underwriters
3.2 هزار بار بازدید -
3 سال پیش
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How do Underwriters Evaluate EmploymentToday,
How do Underwriters Evaluate Employment
Today, I want to talk about how Underwriters evaluate employment.
So first I want to start off by saying if your debt-to-income ratio is not good, chances are, your documents probably won’t make it to an underwriter so be sure to talk to your local lender, before moving on and also be sure to check out the video linked below to see how to calculate debt-to-income ratio.
How to Calculate Your Debt-to-Income Ratio - How to Calculate Debt to Income Ratios
So once you’ve determined that you have a qualifying debt-to-income ratio you need a 2 year history of employment regardless of whether or not you’re self-employed or work off a W-2. Now of course there are exceptions that I mention in the video, this the foundational rule you have to follow regardless of your stream of income, even retirement.
For more information, be sure to check out the rest of my video, Oh and one more thing while you’re down here, go ahead and hit that subscribe button and turn up notifications as I release 2 new videos a week that you won’t want to miss out on. Stay tuned, for I will be the first to update you on any changes or modifications that there will be on forbearances and other changes related to COVID-19. My goal is to help you understand how to obtain mortgage(s) to help grow your portfolio!
Also check out our playlists that feature various topics about homebuyer’s tips that will help you grow both as a homeowner and on a consumer/producer level. If you’re seeking more information on specific topics that follow, check out our specific playlists that follow up on topics like, Down Payments, Interest Rates, and more!
Be sure to checkout our locations which we service to: https://drive.google.com/file/d/1VwOZ...
Have any questions? Feel free to drop a question down in the comments on one of our videos or contact me and my team anytime at www.loanwithjen.com Equal Housing Opportunity Lender NMLS #514497
👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: Facebook: loanwithjen
Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497
💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/
📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: Will Inquiries Hurt My Credit Score -...
▶️Why You Should Use A Local Lender: Why You Should Use A Local Lender | #...
▶️How to Buy A House With Low Income: 2020-How To Buy A Home With Low Incom...
▶️Using Rental Income To Qualify For A Mortgage: watch
Today, I want to talk about how Underwriters evaluate employment.
So first I want to start off by saying if your debt-to-income ratio is not good, chances are, your documents probably won’t make it to an underwriter so be sure to talk to your local lender, before moving on and also be sure to check out the video linked below to see how to calculate debt-to-income ratio.
How to Calculate Your Debt-to-Income Ratio - How to Calculate Debt to Income Ratios
So once you’ve determined that you have a qualifying debt-to-income ratio you need a 2 year history of employment regardless of whether or not you’re self-employed or work off a W-2. Now of course there are exceptions that I mention in the video, this the foundational rule you have to follow regardless of your stream of income, even retirement.
For more information, be sure to check out the rest of my video, Oh and one more thing while you’re down here, go ahead and hit that subscribe button and turn up notifications as I release 2 new videos a week that you won’t want to miss out on. Stay tuned, for I will be the first to update you on any changes or modifications that there will be on forbearances and other changes related to COVID-19. My goal is to help you understand how to obtain mortgage(s) to help grow your portfolio!
Also check out our playlists that feature various topics about homebuyer’s tips that will help you grow both as a homeowner and on a consumer/producer level. If you’re seeking more information on specific topics that follow, check out our specific playlists that follow up on topics like, Down Payments, Interest Rates, and more!
Be sure to checkout our locations which we service to: https://drive.google.com/file/d/1VwOZ...
Have any questions? Feel free to drop a question down in the comments on one of our videos or contact me and my team anytime at www.loanwithjen.com Equal Housing Opportunity Lender NMLS #514497
👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: Facebook: loanwithjen
Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497
💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/
📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: Will Inquiries Hurt My Credit Score -...
▶️Why You Should Use A Local Lender: Why You Should Use A Local Lender | #...
▶️How to Buy A House With Low Income: 2020-How To Buy A Home With Low Incom...
▶️Using Rental Income To Qualify For A Mortgage: watch
3 سال پیش
در تاریخ 1400/05/13 منتشر شده
است.
3,261
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