Sunday, November 2, 2008

Mortgage Myth vs. Fact Part 6

Since the response I received to the mortgage myths vs facts series was so very good, I am extending it beyond the five part series I had initially conceived. Feel free to send in your questions and I will have Huck see if he can answer them and perhaps we can feature them here as well.

Here's the latest one:

MYTH: One needs a two year work history to get a loan.

FACT: Not necessarily! For example, a newly hired college graduate, working a job related to his/her major, will often get his/her time in college counted as "work history."


Contributed by Huck Ferrill, mortgage consultant. He can be reached at 916-788-9802.

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