Asked by Elizabeth, Washington, DC • Thu Nov 15, 2007
I am hopefully just paranoid because my father-in-law is a real-estate attorney, and he's been telling us horror stories... but I have a somewhat funny situation in that my husband and I are relocating, and we are going to continue performing work for the same firm (we work together), but are going to be switching from salaried work to contracted work on a project-by-project basis. The lender, of course, wants a relocation letter from my company, and I am trying to figure out how much information is too much (or too little). I don't want an employment-verification call to nullify the whole deal at the last minute (because, "oh, we were assuming you were going to continue on salary"), but I am worried full disclosure of our situation makes us unsavory to the lender altogether? Our employer is completely supportive and will write and sign a letter with whatever sort of content we need... and we both have great credit... so how to hedge our bets? Thank you in advance!!!
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