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re: Home Purchase Question
Posted on 5/2/13 at 7:39 am to ZereauxSum
Posted on 5/2/13 at 7:39 am to ZereauxSum
quote:
As long as you close while your wife is still on the payroll you should be fine. They won't say something like, "Yeah she works here but not for long!" They'll simply verify that she works there.
Not necessarily. "Probability of continued employment" is also a question that is asked. If the loan is delayed at all they may also ask for current pay stubs and she may not have them to give.
1
Posted on 5/2/13 at 7:52 am to VABuckeye
quote:
If the loan is delayed at all they may also ask for current pay stubs and she may not have them to give.
That makes sense. I was thinking about the actual call to verify employment. I can't imagine that an employer would disclose that an employer is about to get axed.
I'm wondering why the the OP just doesn't exclude her income since he can afford the house without it.
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