Analyzing Employment Income

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.

Although closely intertwined, mortgage lenders review income and employment differently.

  1. Employment is analyzed to ensure that qualified income will continue. For more information, please click on the highlighted tag.
  2. Income is analyzed to determine whether it is sufficient to handle the loan payment obligations. For more information, please click on the highlighted tag.

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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What You Need to Know About Real Estate

What You Need to Know About Real Estate

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