Document background
The Letter of Employment for Mortgage is a crucial document in Singapore's property financing process, required by banks and financial institutions to verify employment status and income stability of mortgage applicants. This document serves as official confirmation of employment terms, salary structure, and job security, enabling lenders to assess the applicant's ability to service mortgage payments. The letter must comply with Singapore's regulatory requirements, including MAS guidelines and banking regulations, and typically contains comprehensive employment details, compensation information, and employer declarations. It is commonly requested during both new mortgage applications and refinancing processes.
