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2 year employment

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Viperlx
New Contributor

2 year employment

Is this a big must.  In the last two years I was on W2.  I was laid off 7 months ago and just recieved a job on 1099.  Will this pretty much shut me out of any chance?

Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: 2 year employment

How long were you actually out of work?  Was your salary on 1099 comparable (after considering taxes)?

 

 

Message 2 of 5
Viperlx
New Contributor

Re: 2 year employment

I was out of work for 7 months.  

Message 3 of 5
Anonymous
Not applicable

Re: 2 year employment

The gap in employment might cause some issues for you.  Try to work closely with the underwriter and provide a letter of explanation.

Message 4 of 5
Anonymous
Not applicable

Re: 2 year employment

And sorry, I missed that you said you "just" received your 1099 job.  Best of luck.

Message 5 of 5
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