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I just started a new job three months ago...can I refinance still?

by Austin_Kahane from Arlington, Virginia. Aug 1st 2013 Reply


Adrielle Edwards (AdrielleEdwards)
#902 ranked lender in California - 96 contributions

It should not be a problem as long as you are and employee; self employed borrowers are generally required to provide 2 years tax returns to prove income.

Aug 1st 2013
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

It should not be a problem so long as you are in the same line of work and you are getting paid the same way.. Problems occur when someone leaves a hourly job and take a commission job.. under this scenario, you will need to wait 2 years, but so long as you're in the same line of work and same type of pay, you should have no problems... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Aug 1st 2013
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That's not usually an issue Austin. There are provisions for self-employed borrowers or those who earn the majority of their income by commissions but overall starting a new job shouldn't be a deterrent if you are otherwise qualified to refinance your home.RJS

Aug 1st 2013
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Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

As long as you can provide pay stubs covering the most recent 30 days you should not have a problem

Aug 1st 2013
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Yes. As long as you are in the same type of position and have been working in that position for the past 2 years.You will need a pay stub form your new Job and your 2012 and 2011 W2 from your previous job. you will also need the last pay stub from your previous job as well. This ensures you won't have any issues in underwriting.

Aug 1st 2013
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Austin,As long as your employment is in the same line of work (assuming you are an employee), you can still refinance. If you are self-employed, it could be a problem because generally you would have to produce tax returns for the prior 2 year time span. Feel free to give me a call with any additional questions...(571) 419-6635.Rodney ThompsonMcLean Mortgage Corporation

Aug 1st 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

With no break in employment greater than 30 days, and new job in same line of work, you should not have a problem.

Aug 1st 2013
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Yes, as long as you can show 30 days worth of income on your paystub and you did NOT have a large gap between jobs.Call with any questions 877-829-7334

Aug 1st 2013
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Jericho Cherry (Jerichocherry)
#54 ranked lender in Virginia - 1,107 contributions

As long as you are in the same line of work, and have not gone from hourly to commission you should not have any problems. I am a license Branch Manager/ Loan Officer in the state of Virginia (NMLS # 93400). Call me if you need additional information or need help with refinancing. Jericho Cherry 804-556-0685.

Aug 1st 2013
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Jason Vondrak (jvondrak)
#220 ranked lender in California - 1,741 contributions

Yes, you should still be able to refinance as long as you are in the same line of work, can provide the last 30 day's pay stubs and can provide your tax returns for the last two years.

Aug 1st 2013
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Josh Lund (Josh_Lund)
#44 ranked lender in Minnesota - 113 contributions

Yes, as long as you're in the same line of work.

Aug 1st 2013
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Not enough information to properly answer your question... Contact a local mortgage broker in your area for assistance.

Aug 1st 2013
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hi Austin:I am in Northern VA and am a loan officer for an FDIC bank who has flexible underwriting guidelines since we are a bank.Give me a call to discuss your scenario depending on your entire picture, exceptions can be granted.Mike703 505 5300mconvin@americanfsb.com

Aug 1st 2013
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