Tip & Hourly Income Earners! If buying or refinancing a home is in your future be careful when it comes to switching employers, as lenders who finance homes look for stability of income and the likelihood that your income will continue. When you change jobs, it may take a year or more to demonstrate income stability. Before you decide on a move, let’s talk!
Related Article Title: Calculating Tip & Hourly Income when Borrower Changes Employer Question: My client’s previous employer includes her base hourly and tip income in her paycheck and W2. She recently changed employers and now her paycheck will only include the small hourly base. The tips will have to be self-claimed. How do I qualify […]