The main factor that lenders look for when analyzing the applicant's current employment is stability. Employment stability directly affects the borrower's future income and ability to repay the loan. Applicants with questionable employment histories must have off-setting financial strength in order to be acceptable for the best financing programs.
Note that if the applicant wishes to avoid having to provide information and documentation about his or her employment and income, that applicant can always opt for No Income Verification (NIV) and No Documentation (No Doc) loan programs.
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