Mortgage Glossary

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Contract Employment Verification

For employment verification your BC Mortgages broker will usually request that you obtain an employment letter from your payroll department confirming your information. A few lenders will allow you to prove income by showing two years of income tax returns and some current pay stubs.

The letter should be on company letterhead and include:
• Your current gross or base income
• The date your employment started with that company
• Your current position or job title
• Your status - full-time (no extra info needed), contract, regular part-time, or casual.

If you are on contract, then the letter must also state:
• the details of your contract (a copy may be required).

 

 

 

 

 

 

 

 

 

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