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A letter of employment, also sometimes called a job letter or income verification letter, proves your employment status, shows what kind of work you do, and helps the lender confirm that you have reliable income to pay off your mortgage.

Every lender will perform income and employment verification before a loan goes through the underwriting process. Many lenders will repeat income and employment verifications before closing to confirm nothing has changed. This helps the lender reduce risk of a loan buyback.

Employment Certificate for Loan Purposes Use company letterhead. Write in standard business format. State the purpose of the letter and the employee's name in the first two sentences. Include the average number of hours they work each week. Include the rate of pay ing to their contract: hourly, monthly or annually.

The bayana agreement must be countersigned by the parties, and there should be one witness from both sides of the parties before whom the entire procedure takes place. Before paying the money, make sure that the property is registered in the name of the seller to whom the bayana is paid.

What is the difference between a sale and a contract to sell? A sale is a transfer of title to goods for a price, and a contract to sell is an agreement to transfer title to goods for a price.

Sale is the transfer of ownership from a seller to the buyer for a determined price. Agreement to sell is also a transfer of ownership, but at a future date or when specified conditions are met. You can think of the agreement to sell as a sale that comes with specific terms and conditions.