Posted on: 17th Nov, 2009 01:55 pm
if i have two jobs that are in the same industry can i combine them as one income for my mortgage? i have been at my primary job for 4 years and my part time job for 6 months.
I think your lender is going to want to know your full job history.
It's great that you want to work hard and pay off your mortgage, but they'll want to know how long you've been at your present employer. You can't combine both incomes into a single job, but you can list both incomes on your application.
from the lenders perspective they will probably want more information on your part time job as well. Is it short term/casual work or a permanent part time position? As a mortgage represents a many year repayment commitment they will need to be satisfied that you can maintain your level of earnings at their current level long term.
It's great that you want to work hard and pay off your mortgage, but they'll want to know how long you've been at your present employer. You can't combine both incomes into a single job, but you can list both incomes on your application.
from the lenders perspective they will probably want more information on your part time job as well. Is it short term/casual work or a permanent part time position? As a mortgage represents a many year repayment commitment they will need to be satisfied that you can maintain your level of earnings at their current level long term.
for secondary employment to be considered, the standard is that you will have to have a history of working two jobs for at least a 2-year period. if you can't meet that standard, then the income from job number 2 won't be considered in qualifying you for a mortgage.
