Changing Jobs Before Your Loan Closes?

Changing Jobs Before Your Loan Closes?

We had a borrower call us today and ask an excellent question that I thought you all could benefit from.

Q: Is it okay if I change jobs before my loans closes? I will have the same position, same title, and same responsibilities.

A: Historically speaking, this kind of change would be of less concern than others. However, as we have all seen on the news, and in my blog post yesterday titled "Feds Take Over: Are We Just a Dog Chasing Its Tail?", things are a-changing. We are seeing underwriting demands that, if it were this same time last year, would have sent us away scratching our heads.

Our recommendation to our customer? Let us talk to our underwriters BEFORE you make any changes.

And, that's the benefit of having your loan through a mortgage broker and NOT a direct lender or bank. What might bother one underwriter, might not bother another. Direct lenders and banks, typically, have only ONE underwriter on staff. Mortgage Brokers are only limited to the number of underwriters they have by the number of lenders they are approved to do business with. In KMG Mortgage Group's case, that's over 40.

So, don't take your chance with just one underwriter. Use KMG Mortgage Group and have over 40 underwriters at your disposal!

Apply on-line today at www.kmgmortgagegroup.com!