06/30/2026
One question we get pretty often in 2026 goes something like this: "I just started a new job. Can I still do a cash-out refinance to consolidate my debt?"
The short answer is yes, in most cases.
Here is what lenders are actually looking at. They want to know your income is stable and likely to continue. They are not necessarily requiring two years at the same employer. If you moved to a new salaried role in the same field, an offer letter and your first paystub are often enough to move forward.
A few things worth knowing:
If your new job came with a raise, that can actually work in your favor. A higher income lowers your debt-to-income ratio, which is one of the main numbers underwriters look at.
The scenarios that get more complicated are things like switching from W-2 to self-employment, or taking a commission-heavy role where you do not have a track record yet. Those situations are not impossible, they just need more documentation.
One thing to avoid: changing jobs in the middle of an active loan application without telling your lender. That can slow things down significantly.
If you have recently changed jobs and you are wondering whether consolidating your debt into one fixed payment is still on the table, we are happy to look at your actual numbers with you. Reach out to us at [email protected].
