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Job Tenure

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Anonymous
Not applicable

Re: Job Tenure

With smaller banks I have had issues as I just started a new job making damn near double the money I was before in January. With MY bank, they didn't care so long as I could prove my income. Both of the cars I tried to get sold before I locked the deal up :rolleyes: but I got approved...twice. One with my past job (5 years on) and once with my new job with at the time (2 months on).
Message 11 of 13
DI
Super Contributor

Re: Job Tenure

I was told by a car salesman many years ago that, if a person have good credit, it doesn't matter how long they've been working.  He stated they didn't have to have a job.  But, someone with bad credit will have to undergo a little more strutiny. 

Message 12 of 13
BridgetM
Valued Member

Re: Job Tenure

I just went through this process about a month ago. I've been at my current job for 16 months now, had seven months of unemployment before that and seven months at the job from which I was laid off. My income is strong, debt very low and really all the bank was a bit muddy on was the number of addresses I had had previous to buying my home in July 2010.

 

Also, I went out for a mortgage four months after landing my newest job. Again, if you've got the paychecks coming in, banks seem to relax a bit.

 

Good luck!

Message 13 of 13
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