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we are in UW but wife just got offered a new job with a 14k increase in our area kicker is she must decide by monday!! will this hurt us on the loan??
thanks,
You need to call your loan officer to discuss this and see if he will be able to quickly gather the new job information. This is tricky because if she is still working in her current job at the time of your closing, it may or may not be an issue. However, if she will definitely will be working the new job at the time of your closing, then it MUST be disclosed. You will be asked to sign paperwork at your closing that confirms all the information is still accurate (ie job and income) - and unless your loan officer updates your wifes job and income documentation, you would be lying by signing....Talk to your loan officer ASAP and he what he says sounds questionable, ask to speak to a manager regarding the situation.