- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (4)
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
In my opinion, the first post on this thread, from Steve, gave you the best answer. .... Happy funding, Rudi
- Scot King, "PacificWestCapital"
- Contributions:45
If at all possible, close the refi and then start the new job. A 30 day lock is generally what's available on a refinance. 60 day locks are for purchases.
- greatrate.info
- Contributions:38
It's O.K. to change your job prior to refinancing however you will need to have a paystub showing 30 days of employment prior to closing your refinance. So the impact would be timing and the new job should be in a related type of work. It will be important to disclose this info to your lender.
- Steve Felty, "SteveFelty"
- Contributions:396
Without full disclosure, you are implying you do not anticipate any employment changes. If you give full disclosure, most lenders cannot lend to you until you've received a paycheck from the new job.
A 60 day lock seems like a good option to me - you can protect your rate, and start your new job before closing. The only caveat to this would be if you are chaning fields, or types of pay (going from salary/hourly to a comission or even worse Independant Contractor position).
Impact of changing job while refinance process is going on?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.