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Biglaw "Employment Contract" for Mortgage Purposes?
Posted: Wed Apr 24, 2019 8:37 pm
by whosinthehousejc
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?
Re: Biglaw "Employment Contract" for Mortgage Purposes?
Posted: Wed Apr 24, 2019 9:22 pm
by Bubbles1012
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.
Re: Biglaw "Employment Contract" for Mortgage Purposes?
Posted: Wed Apr 24, 2019 9:30 pm
by Arad
Ask your firm.
Re: Biglaw "Employment Contract" for Mortgage Purposes?
Posted: Wed Apr 24, 2019 9:31 pm
by 20181989
Offer letter should be enough.
Re: Biglaw "Employment Contract" for Mortgage Purposes?
Posted: Thu Apr 25, 2019 9:36 am
by 265489164158
Offer letter should be enough provided it states your rate of pay and start date, etc.