Biglaw "Employment Contract" for Mortgage Purposes? Forum

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whosinthehousejc

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Biglaw "Employment Contract" for Mortgage Purposes?

Post by whosinthehousejc » Wed Apr 24, 2019 8:37 pm

Incoming first year lucky enough to be moving to a market that pays NYC scale but has really cheap real estate. So I'm looking to purchase a home and my mortgage lender wants to see an "employment contract," but all I have is an offer letter. Can someone who has been through a similar situation offer some advice? Can I ask the firm for a letter that confirms my upcoming employment and documents my salary information?

Bubbles1012

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Re: Biglaw "Employment Contract" for Mortgage Purposes?

Post by Bubbles1012 » Wed Apr 24, 2019 9:22 pm

Given that employment contracts are not really a thing in the USA (in general, at will is the norm here unlike the rest of the world), your offer letter should be sufficient.

Arad

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Re: Biglaw "Employment Contract" for Mortgage Purposes?

Post by Arad » Wed Apr 24, 2019 9:30 pm

Ask your firm.

20181989

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Re: Biglaw "Employment Contract" for Mortgage Purposes?

Post by 20181989 » Wed Apr 24, 2019 9:31 pm

Offer letter should be enough.

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265489164158

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Re: Biglaw "Employment Contract" for Mortgage Purposes?

Post by 265489164158 » Thu Apr 25, 2019 9:36 am

Offer letter should be enough provided it states your rate of pay and start date, etc.

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