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<rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/"><channel><title>Trulia Voices: My wife just went part time as a RN. We found out that a lender will not include her earnings for atleast two</title><link>http://www.trulia.com/voices/Home_Buying/My_wife_just_went_part_time_as_a_RN_We_found_out_-105443</link><description>years. Is this normal for lenders?</description><language>en-us</language><item><title>Answer by James Mooney</title><link>http://www.trulia.com/voices/profile/Real_Estate_Pro-Urbandale_IA-629395/</link><guid>http://www.trulia.com/voices/profile/Real_Estate_Pro-Urbandale_IA-629395/</guid><description>There are other options.  This is not a blanket policy for every lender and every program out there.  There are many other factors that go into it,  Basically there will some lenders that won't do it, but there are plenty that probably will.  Factors such as how long was she at full time before this, length of time on the job, and a verification of employment, indicating the likelihood that her job will continue, will all help console the underwriters about her future employment.  If your credit  and other vitals are strong, you should have no propblem finding financing.</description><pubDate>Tue, 31 Mar 2009 12:56:56 -0700</pubDate></item><item><title>Answer by Tony Grech</title><link>http://www.trulia.com/voices/profile/Real_Estate_Pro-48170-173414/</link><guid>http://www.trulia.com/voices/profile/Real_Estate_Pro-48170-173414/</guid><description>Yes this is normal.  The key in verifying income for the purposes of qualifying for a home loan is CONSISTENCY.   Now if someone is a salaried worker we know for sure what their income will be every week.  For an hourly or commissioned worker, income must be documented as stable or increasing for a period of 2 years.  Lenders figure that is a long enough track record to look at to make a determination.</description><pubDate>Tue, 31 Mar 2009 12:03:42 -0700</pubDate></item></channel></rss>
