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How long do I have to wait to apply for a refinance on my property?

I was on unemployment and a part time job for 2 1/2 years. Always paid debts. credit score is over 800. Still have some savings. Sold primary residence and moved into my rental property and want to lower the interest rate. Just started a new job a few weeks ago. by dnlivi_877_344 from Philadelphia, Pennsylvania. Feb 5th 2013 Reply


Steven Ceceri (CreativeFinancingOptionsGroup)
#36 ranked lender in Massachusetts - 723 contributions

We should be able to get you approved through our Automated Underwriting System which will determine what documentation will be needed for income and assets. Your employment should be fine so if you are interested in discussing some general information in more detail offline, without committing to any application, etc, I would be happy to help! Let me know! Thank you!

Feb 5th 2013
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Sharon Duffy (sduffy)
#72 ranked lender in Pennsylvania - 595 contributions

You need to provide a month of paystubs after being on unemployment. To be more accurate I would a little more information. Please give me a call.Sharon 7th Level Mortgage732 606 6264

Feb 5th 2013
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Joseph Cordova (JoeCordova)
#99 ranked lender in New Jersey - 18 contributions

We really need to get more information on your part time employment over the past 2 years. Conventional loans require 6 months on the new job when you have been out of the work force. But you have been part time. We may be able to use that and qualify you now. Feel free to reach out to me through my profile. Best of luck!

Feb 5th 2013
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Anthony Piccone (apiccone)
#98 ranked lender in New Jersey - 17 contributions

To confirm Sharon's response as long as you can provide a paystub showing your wages and year to date you should be OK ont he employment - give us a call we are right here in South Jersey.

Feb 5th 2013
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Joe Shamie (Joe Shamie)
#5 ranked lender in New Jersey - 1,412 contributions

YOu should be able to qualify if you can produce 30 days of paystubs from the new job.

Feb 5th 2013
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Jamie Ware (YourMortgageGuy)
#73 ranked lender in Pennsylvania - 44 contributions

Everyone's response is right on point. Hope you move forward with your purchase.

Feb 5th 2013
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Jason Vondrak (jvondrak)
#217 ranked lender in California - 1,741 contributions

Generally you need to be able to provide two pay stubs, so once you have worked at you new job for a full month, you can apply to refinance.

Feb 5th 2013
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

We would definately be able to help you. We are a Direct Lender in PA. Call me, Peter, 908 933 0253 or email me PBotros@OmegaLoans.net

Feb 5th 2013
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Kevin Prince (KevinPrince)
#68 ranked lender in Pennsylvania - 26 contributions

These answers are all good for you to be able to move forward with your real estate loan request. As long as you have been in the same line of work with your part time employment, you should be able to use your first months pay stubs as proof of employment. Good luck on your new purchase!Kevin Prince, SVP, Liberty One, Appraisal Leadership, kprince@liberty1amc.com, 858-926-8904

Feb 5th 2013
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Todd Tholl (toddtholl@leader1.com)
#4 ranked lender in Iowa - 239 contributions

As soon as you can provide 30 days worth of paystubs and verification you've been in the same line of work, part time at least two years.

Feb 6th 2013
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Andrew Alfonso (CashCow)
#43 ranked lender in Florida - 271 contributions

You need to provide a month of pay stubs my friend. Also - a damn good letter of explanation structured to make you look Stellar. Andrew Alfonso -

Feb 6th 2013
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Garett Hyman (GarettHyman)
#43 ranked lender in Michigan - 14 contributions

You can refinance immediately.

Feb 7th 2013
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