Buying a house while starting a new job

So I am looking to buy my first property. I have just been pre-approved for a loan and I’ve started conversations with a real estate agent to start searching. My current lease ends in June so I’d like to purchase and move into a house before then. There is a possible curveball though… A job opportunity has presented itself to me and I’m considering taking it. The new job would be heavily commission based but offers more earning potential down the road. My current job is 100% salary. If I take this new job, could that cause any issues with getting the loan since it is almost entirely commission? Is there a recommended way to go about this?

For additional context I’m 26, have been at my current job for about 3 years, and don’t have any other debt. Any additional advice is appreciated.

submitted by /u/PeteWheeler101
[link] [comments]

So I am looking to buy my first property. I have just been pre-approved for a loan and I’ve started conversations with a real estate agent to start searching. My current lease ends in June so I’d like to purchase and move into a house before then. There is a possible curveball though… A job opportunity has presented itself to me and I’m considering taking it. The new job would be heavily commission based but offers more earning potential down the road. My current job is 100% salary. If I take this new job, could that cause any issues with getting the loan since it is almost entirely commission? Is there a recommended way to go about this? For additional context I’m 26, have been at my current job for about 3 years, and don’t have any other debt. Any additional advice is appreciated. submitted by /u/PeteWheeler101 [link] [comments]

<a href="Read More“>View Full Article

Need More Commercial Real Estate Leads?SAVE 40% this month!

Our commercial valuation calculator was created to evaluate commercial real estate. In 6 quick steps you will know your NOI, CAP RATE, and IRR.

Now you can get your own branded version of our calculator!