Finance
A Minnesota homebuyer applies for a mortgage and the lender requires a two-year employment history. The buyer changed jobs 8 months ago for a 30% salary increase in the same field. How will the lender likely treat this?
AThe buyer is automatically disqualified due to job change
BThe lender will likely accept this if the new job is in the same field and shows advancement✓ Correct
CThe lender requires waiting 2 full years at the new job before applying
DOnly self-employed workers need 2-year employment history
Explanation
Lenders understand that job changes are normal in modern careers. A job change within the same field representing career advancement (higher salary, similar responsibilities) is generally viewed positively by Minnesota mortgage underwriters.
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