Getting a new job with higher pay is always a good thing, right? Not true.

If you are trying to qualify for a loan, it's always best to talk to your lender first to see how a new job could help or potentially hurt you. Rules are always changing, but I'm going to give an example of a current problem that occurs below.

You're a person with a sales job who gets paid an hourly wage. An opportunity opens up that is actually a promotion, and this promotion has much more probability of more income because it is all or partially commission based. Technically you are in the same line of work or career field, but the game just changed dramatically for you because you no longer have any kind of a promised consistent paycheck. Many underwriters do not like that at all, and we've seen it get people disqualified for a loan the previously qualified for.

If you're switching career fields that can be detrimental to your ability to qualify, so talk with your lender first to see how it will affect you. Everyone wants to have a good paying job they enjoy, just make sure it won't affect you negatively if qualifying to buy a home is higher on your priority list.