Mortgage Glossary

Employment Letter

A letter from your payroll department confirming your income.

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).

If you are paid regular part-time or casual, then the letter must also state:
• The dollars per hour that you are paid,
• The number of hours per pay period that you work,
• That the number of hours per pay period (or annually if seasonal) is consistent.
OR
• Provide two years of tax returns
• Confirmation of gross income year-to-date.

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