I was planning to apply this month for a mortgage. However, I will be part of the federal furlough which will be one day a week unpaid for 22 weeks. So my income will be reduced by 20% for six months. How does this impact my application? How will my income be counted if I apply right now with my full salary?
Starting Scores: TU - 577, EQ - 636, pulled on 01/10/12
Current Scores: TU - 679 (02/21/13) EQ - 663 (02/23/13)
Goal Score: Mid-score of 680 by June 2013
