Credit score > 800; make $100K+ in newish job but had to leave prior job to help settle dad's estate
Hi - Have MBA, credit score > 800 (just checked), I am making ~$130K in job I have had for 7 months - boss and owner says they love my work. I have 20% to put down without touching retirement funds. Have MBA and work history is generally solid to exceptional. I have monthly car and credit cards that I pay off in full - usually totals about $700 per month.Potential problem: my father passed away and his estate was not large but was complex, so someone in the family had to spend time getting it straightened out (cross border stuff). I quit my job in 2009 mostly to deal with the estate, but I also used the down time to complete 4 more accounting classes and got myself approved to sit for the CPA exam if I ever want to. I also did some interim management and consulting. When the estate issues settled, I found a new FT job within a couple months. Will this job history hurt my ability to obtain the 2.7% 15 yr rates that are currently out there? by reneem_546_692 from San Ramon, California. Oct 6th 2012
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
After reading your information, the job history is your only minor concern. Lenders want a two-year look back history. Expect to have to provide school transcripts - but generally speaking, you should be fine. When changing jobs, the rule says if you've been out of work for more than 6-months, you must be employed at the new job at least 6-months.
it went something like this: MBA was a decade ago. Ended job in June 2009 - over next few months while doing estate PT, took online accounting courses - then did an interim for 5 months - then on unemployment and did another whole certification at a state college, then more estate work, did another interim for 4 months, then estate work plus unemployment, then current job.
Larry Gray (lgray_312_247)
#597 ranked lender in California - 1,139 contributions
We just funded my client's loan in San Ramon. I have family in that area of the East Bay...and we are in the S.F. Bay Area. I concur...you should be fine. In any event, I would be delighted to be one the comparison quotes to the FEDs which youto take advantage of to get the best deal as well as make your choice in who might best help you to achieve the mortgage lendinggoal you have! Please check us out at my website...www.larrygraymortgage.com.
Larry Gray (lgray_312_247)
#597 ranked lender in California - 1,139 contributions
I meant to edit and being busy inadvertently hit the answer button! I meant the FEDs wish you the borrower to be able to moreeasily compare rate and pricing of different lenders, and I would be delighted to be a part of that comparison!
Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions
if your new job related to your classes from schooling ?? I to have to close out a estate.. 1/6 yrs later.. I had to work as full time to get it done.. its no fun... with 3 attorneys.. we can tie the schooling to your new job, and write a explaination letter.. you can call me today at 602 330 1598 linda or email toyourloanpartnerforlife@live.com
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