Debt-To-Income Ratio
April 2, 2010
The Property
April 3, 2010

Employment History


Underwriting Process: Employment History

While you think that you are buying the house of your dreams, it is important for you to understand what you need to know and do to qualify for a home loan. In short, before you start chasing a home, you absolutely must have a basic understanding of what will be necessary in terms of qualifying for a home loan.

This article will give you some basic information about qualifying for a home loan. In particular, you will receive information about the importance of your employment when it comes to qualifying for a loan today. In fact, the typical loan lender devotes special attention to your employment history and will be very worried about how stable your working life has been.

Document your employment history

It is very important for you to document your career path when you qualify for a home loan. To do this, you need to demonstrate concretely what your employment has been for a period, as determined by a lender.

In some cases, a loan lender will provide you with documents or affidavits that are used by your employer or (in some cases) a former employer to work to document your employment history as part of the loan qualifying process.

Support materials from your employer

As mentioned earlier, you need to get support materials from your employer for your lenders. These loan lenders offer you affidavits or other documents that need to be filled out by your employer confirming the details of your employment – especially your wages and income related to your employment.



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