Sandy Bliven - RE/MAX South County



Posted by Sandy Bliven on 7/12/2018

It’s always a goal in life to be happier in our jobs and make more money. When it comes to buying a home, your job status can have a big effect on whether or not you’ll be able to buy a home or not. You will be able to buy a home using a new source of income. Even refinancing can be a breeze when you have a new job and the right knowledge. 


Many people believe that changing jobs or having gaps in between employment is a certain type of black hole when it comes to getting a mortgage. However, if you approach all of the changes in the correct way, you should be able to land the mortgage deal and secure a home.


Average Income


One of the most important numbers that your lender will calculate when you’re buying a home is that of your average income. This will be based on the pay that you had earned in the past 24 months‘ time. If you have had the same job and pay, this won’t be much of a big deal, However, if any of these things have changed (or will soon change) your lender may have some questions. This doesn’t mean that your mortgage application will be struck down completely. 


Information That’s Needed In The Event Of A Job Change


If you have recently changed jobs in the process of trying to refinance or buy a new home, your lender will need a few pieces of information from you. These items include:


  • An offer letter for the job
  • A role or title change letter (if applicable)
  • Compensation package change confirmation
  • Verification of employment
  • Most recent pay stub


Hourly Employees


If you’re an hourly employee, unfortunately, you’re under the tightest type of scrutiny when it comes to applying for a mortgage. Your income will be averaged for as long as you have been an hourly employee. If you work full-time, this won’t be too much of a problem. If your hours fluctuate from week-to-week, this can make things a bit more complicated.


If your hourly rates have recently gone up, you’ll need a bit of info from your employer to help you get the income verification that your lender needs. These items include:


  • An offer letter
  • Recent pay stubs
  • The new compensation structure or offer

If you have any sort of extenuating circumstances like a relocation or a new position, this information can help to bridge the gap in any information that just doesn’t add up as far as your employment history goes. 


Salaried Employees


If you’re a salaried employee, things are a bit simpler. Your lender will have a much easier time calculating your average income. The only issue that you may encounter is if you have had a gap in employment. For this, your lender will require a written explanation of what occurred during that time period.  

 

Lenders want to protect themselves, but in a way, they also want to protect you from getting in over your head with how much you can afford for a home. With some proof and a little explanation, you should be able to get a house you can afford if you have all of the information that you need to back up your financial history and employment history.




Categories: Uncategorized  


Posted by Sandy Bliven on 7/11/2018


277 High ST, Westerly RI, 02891

Single-Family

$268,500
Price

3
Beds Total
6
Numberof Rooms
2
Baths
Dreaming of living close by the Rhode Island shore? Charming well-kept two story 3 Bedroom, 2 full bathrooms, 2 door detached garage located in beautiful Westerly, Rhode Island. A short walk to downtown Westerly, Amtrak train station, fabulous eateries, quaint locally-owned shops, and within minutes (drive) from Misquamicut State and Charlestown beaches. Midway between New York and Boston with easy access to Interstate 95 and Route RI 78. Offering 1530 square-feet, newly installed roof (2009), hardwood floors, updated bathrooms, eat-in kitchen with new appliances, large basement and new garage doors! Energy efficient windows, wood burning stove, energy efficient furnace, and installed radon migration system! Great neighborhood, low energy efficient bills, and low taxes! Absolutely charming and move in ready!
Open House
Saturday
July 14 at 11:00 AM to 1:00 PM
Dreaming of living close by the Rhode Island shore? Charming well-kept two story 3 Bedroom, 2 full bathrooms, 2 door detached garage located in beautiful Westerly, Rhode Island. A short walk to downtown Westerly, Amtrak train station, fabulous eateries, quaint locally-owned shops, and within minutes (drive) from Misquamicut State and Charlestown beaches. Midway between New York and Boston with easy access to Interstate 95 and Route RI 78. Offering 1530 square-feet, newly installed roof (2009),
More Open Houses
Cannot make the Open Houses?
Location: 277 High ST, Westerly RI, 02891    Get Directions

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Categories: New Homes  


Posted by Sandy Bliven on 7/11/2018


277 High ST, Westerly RI, 02891

Single-Family

$268,500
Price

3
Beds Total
6
Numberof Rooms
2
Baths
Dreaming of living close by the Rhode Island shore? Charming well-kept two story 3 Bedroom, 2 full bathrooms, 2 door detached garage located in beautiful Westerly, Rhode Island. A short walk to downtown Westerly, Amtrak train station, fabulous eateries, quaint locally-owned shops, and within minutes (drive) from Misquamicut State and Charlestown beaches. Midway between New York and Boston with easy access to Interstate 95 and Route RI 78. Offering 1530 square-feet, newly installed roof (2009), hardwood floors, updated bathrooms, eat-in kitchen with new appliances, large basement and new garage doors! Energy efficient windows, wood burning stove, energy efficient furnace, and installed radon migration system! Great neighborhood, low energy efficient bills, and low taxes! Absolutely charming and move in ready!
Open House
Saturday
July 14 at 11:00 AM to 1:00 PM
Dreaming of living close by the Rhode Island shore? Charming well-kept two story 3 Bedroom, 2 full bathrooms, 2 door detached garage located in beautiful Westerly, Rhode Island. A short walk to downtown Westerly, Amtrak train station, fabulous eateries, quaint locally-owned shops, and within minutes (drive) from Misquamicut State and Charlestown beaches. Midway between New York and Boston with easy access to Interstate 95 and Route RI 78. Offering 1530 square-feet, newly installed roof (2009),
Cannot make the Open Houses?
Location: 277 High ST, Westerly RI, 02891    Get Directions

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Categories: Open House  


Posted by Sandy Bliven on 7/6/2018


6 Morrone CT, Westerly RI, 02891

Single-Family

$464,900
Price

4
Beds Total
8
Numberof Rooms
2/1
Full/Half Baths
This is a custom built 2x6 home located on a quiet cul-de-sac in the heart of Westerly, yet minutes to the beach, I-95 and midway to Boston and New York. All hardwoods, slate and ceramic tile, walk in to a beautiful great room with field stone fireplace, open kitchen with granite counters, custom built cabinetry, stainless steel BOSCH appliances and more. French door leads to a big Mahogany deck over looking the grounds. There is a beautiful formal dining room, trayed ceilings, radiant heat and crown molding. Pella windows, slate tile, central air, lower level walk out has plumbing, great potential to finish. Over sized detached, 4 bay garage, maintenance free "Hardie board" siding (This is a man made cement product that is stronger than wood, more durable than vinyl siding, fire-resistant, termite resistant, mold and rot resistant and comes in many factory applied colors.) Walk to historic downtown Westerly, Train, Park, Theater and quaint eateries.
Open House
Saturday
July 07 at 11:00 AM to 1:00 PM
Stop in and lets talk about the real estate market!!
Cannot make the Open Houses?
Location: 6 Morrone CT, Westerly RI, 02891    Get Directions

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Categories: Open House  


Posted by Sandy Bliven on 7/6/2018


9 Apache DR, Unit#I, Westerly RI, 02891

Condo

$115,900
Price

2
Beds Total
5
Numberof Rooms
1
Baths
Nice condo to "hang your hat," as owner occupy or investment. Located on second floor, one level living with a lovely, and open floor plan. Some upgrades completed throughout. Two assigned parking spaces. Located within just minutes historic downtown Westerly, Amtrak Train, Westerly beaches! Great owner occupy or investment. New roof in 2017, new driveway 2017, new washer and dryers 2018, building power washed 2017, new insulation, new laminated floors in bedrooms 2018, new bath vanity 2018, new kitchen floor 2018, carpet 2014, stove and refrigerator 4-5 years old and new garbage disposal 2017. Low condo fees $188, low taxes and beach sticker available. RI beaches, CT line, 45 mins to Providence, near high school, CCRI Satellite School, elementary schools.
Open House
Sunday
July 08 at 1:00 PM to 3:00 PM
More Open Houses
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Location: 9 Apache DR, Unit#I, Westerly RI, 02891    Get Directions

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Tags: condo   02891   Real-Estate   Westerly  
Categories: Price Change  




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