Does how long you've been at your job matter when applying for a home loan..or get you more money?

Question

How long is a good amount of time to ome loan companies?

Answer 1

Question truly lies in the eye of the beholder. Last time I owned a house was 1990. I sold in 1993. I LOVED house and job.
I stopped believing in whoring myself out for hourly wage. When this was first introduced in States back when people fiercely rejected the idea as"selling themselves out as mere chattel 4 slave labour.
That info has probable, gone down the "MEMORY HOLE"by now. How ever, at time of 1993 departure. I was earning $16,45. per hr.100% percent benefits and was only months away from the magic 5 year plan.
This was great company 2 work 4 because at 5 year. mark. You became salaried with 125% pay raise and company car(personal & weekend were a llowed plus u get company gas card.) all co workers where shoked that I would walk away now, yet things were troubling me, about exploitation of poeple being foced into obscence living/ woking cnditions. So many die and live in absolute poverty. unimanagable in west all so we can get cheap reding glasses & and all else.
Although things 4 me were great and kookng better, I opted out of This new Capitaliim. brought in dramaticliy by Thather and the people who Reagen his lines.Forget loans uless absolute emergeny. and pay back at end of end of each month. Never, ever pay minaimin balance. u could pay 4 20 yrs, an stillnot have made dent in payment sinced u have been interest only...MARY

Answer 2

Yes it would help quiet a bit if the loan company knows you have a good job and is sticking with it. Good credit reports means a lot more. They will definitely be checking both before loaning you their money.

Answer 3

when one applies for a loan, the decision in granting you a loan are based on credit history, lenth of employment,[can be a total of years working, without large gaps of not working] so if you worked at company a for 2 years, and then went to company b right away...etc then you are ok.. what they look for is time not working between jobs....and they look at what bills you havem your income, and ability to pay with in your income and output [how much extra money do you have, and the money to pay loan payments, insurance and upkeep of home or condo you want to buy...

Answer 4

Your duration at a job shows stability and one year or longer at the same place of employment shows commitment. You don't look very responsible to banks or lenders if you change jobs every 3 months or so. They want guarantees that you are stable enough to make that payment. Good Luck!

Answer 5

Yes, if you keep on job hopping I think they may have no confidence in giving you a home loan