I am currently thinking about changing jobs in the midst of purchasing a new home. To further complicate matters, the new job may be a 1099 (contract) situation.
I work in the tech industry, which currently has a very strong job market. I have fantastic credit and a history of steady income (including some 1099 work in the past). My wife also works (but we could not get this loan based on her income alone).
Do lenders take all of these factors into account during the lending process? How much does a job change affect the mortgage process?