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I have been employed for over 20 years. Never been out of job since graduating college. I am in my current job for 8 months. I need to refinance a couple of houses I own and buy another house. Will the length of my current job affect the mortgage rate I will get? Should I wait till I am one year on the job? I will appreciate it if the responses are from people who have experience/knowledge in real estate and mortgage. Thanks

2 Thoughts on How does employment history affect mortgage rate?
  1. Reply
    A Hunch
    January 26, 2014 at 1:47 pm

    If you are working in the same industry in this jobs, as your previous jobs, it should not make a difference. However, to get the correct answer for your specific situation = ask your mortgage broker.

  2. Reply
    Rob
    January 26, 2014 at 2:29 pm

    same industry with out major gaps = solid work.
    jump about industrys = lousy work history.

    your rate is based on debt history and holding now.

    waiting till u got 1yr will make it easier.
    rates are going up that much in next 6 months.

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