Buying dilemma: job change matters

Self-employment isn't only factor affecting mortgage approval
Published on Dec 14, 2009

Watch Connect NYC 2017 Live
Tune in live as the best and brightest explain how to execute and grow your business from the main stage of Connect.

"My wife and I are currently considering buying a new house, and I am considering changing jobs to earn a higher salary. I have been at my current job for five years. Rather than changing jobs, I am also considering the possibility of going into business for myself. Whatever I decide to do, should I do it before or after we buy the house?"

The answer to your questions depends on how the action taken -- changing jobs or starting your own business -- will impact the way a mortgage underwriter views your income.