Re: First time home buyer - Was 1099, Now W-2
10-04-2012 02:06 AM
I think w2 is perceived as more stable, but it would help if you have 2-3 months worth of w2 paystubs to show them.
My experience is anecdotal, others may have different thoughts (esp. mortgage brokers), but I've found that some underwriters have zero ability to look at a situation that is anything out of the ordinary, and that includes changes in type of income like 1099.
Are you at the same company / industry? that would help.