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No part time is considered unstable income.

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Q: Can you get a mortgage if you only work part time?
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What is a list of local mortgage brokers?

It contains the names of businesses or individuals that work as mortgage brokers. Such a list can be localized or national. They can be part of a large or small company.


What is work share mortgage?

A work share mortgage is when more than one title company prepares the title.


Reasons to Work with a Mortgage Banker?

Due to the high rate of mortgage defaults and declining home prices, many banks have tightened their mortgage lending practice and have made it quite difficult to obtain a mortgage. Those who are looking for a mortgage, and are having a difficult time securing a home loan, should consider working with a mortgage banker to get their mortgage. Working with a mortgage banker has many advantages compared to getting a mortgage through a traditional lender. The first reason to work with a mortgage banker when getting a mortgage loan is that a mortgage banker can often provide a borrower with lower interest rates and fees than traditional banks can offer. Mortgage bankers often work for institutions that only offer mortgages to their customers, as opposed to traditional banks that also provide deposit accounts and other loans. Because of this, mortgage bankers do not have the same overhead expenses and traditional banks and do not need to charge as high of an interest rate as traditional banks to turn a profit. The second reason to work with a mortgage banker that the mortgage bankers tend to have looser underwriting standards than traditional lenders. Traditional mortgage lenders and banks are suspect to the tighter federally guided underwriting standards. Since mortgage bankers are not, they are often able to provide mortgages to customers that would not normally qualify under the traditional lender's guidelines. However, the mortgage bankers tend to charge higher interest rates and fees as compensation for taking on the additional risk of lending to the otherwise high-risk borrowers. The third reason to work with a mortgage banker is that mortgage bankers are often able to provide different mortgage products than traditional lenders. While mortgage regulations have cut down on the types of mortgages that traditional lenders can offer, mortgage bankers have not been as affected. Mortgage bankers can still offer some unusual mortgage products including interest only mortgages, adjustable rate mortgages, and negative amortization loans which may not be offered by traditional banks.


Can you apply for a mortgage if you work 16 hours a week and get tax credit and you already have a big deposit to put down from your divorce settlement or do you have to work full-time?

You have to show proof that your income is sufficient to pay the mortgage and any other bills you may incur.


What is it to have remortgages?

A re-mortgage is when you have an original mortgage on your home, and need to apply to the same bank--or a different one--to change the terms or amount of the mortgage. It may be to have funds to add to your home, or it may be to simply lower your rates and work with a more personable company at the same time.

Related questions

What is the opposite of part-time?

The opposite of part-time is full-time. Part-time means that you only work half of the time. Full-time means that you work the whole shift or something like that.


Can you work in Montana at 14?

part time only i think


Can you work on the weekends only part time for the TSA?

It is likely that you can work part time for the Transportation Security Adminstration (TSA) on the weekends only. See the Related Links for jobs available with the TSA.


Do you have to work a part time job if you are still in school?

Only if you want to.


How old do you need to be to work in Maine?

16 if you have a workers permit and you only get to work part-time.


Can you get a job permit at eighth grade. where?

Yes, you can work in 8th grade, but only part-time. You can work full-time at 16.


Can an unmarried couple get 100 percent financing for a mortgage if one of them is a student who works part-time?

Yes, as long as the couple make enough money between the two to qualify and the student can verify two years or more of part-time work.


What is a list of local mortgage brokers?

It contains the names of businesses or individuals that work as mortgage brokers. Such a list can be localized or national. They can be part of a large or small company.


Will your mortgage company work with you on payments if your spouse dies?

no,they will give you extra time to pay it but not alot of time


What is the difference in a full time student and a part time student?

a full time student is always doing schoolwork/homeworka part time student only does the work in school;-)


Where can you work under 12?

you can work at burger king but only at the cash register they won't let you cookand it's only part time from:shea


How many part time hours does a bag boy work if only works part time?

Most part time jobs are 15 to 20 hours a week since 40 would be considered full time.