Erin the Expert is Back! Her second series of Mortgage Videos is ready to roll out over the next few months.
The first one going live is a quick overview of the Written Verification of Employment and why it's so important to the mortgage process. Watch the video below and then dive in further.
A written verification of employment (WVOE) is a typical mortgage requirement whereby the lender requests a form be completed by the borrower's current and/or previous employers to ascertain and verify specific details about their employment such as dates of hire and termination as well as compensation structure (salary, bonus, commissions) and year to date earnings.
- WVOEs are a requirement and must be completed in order to secure financing
- If an employer does not return it in a time timely fashion or refuses to complete it, your loan approval could be in jeopardy.
- We find it best that the borrower prepare their employer for the WVOE request to ensure they realize the importance.
- Greenway's $100 Down Payment Mortgage with Renovation Financing
- [VIDEO] Q&A with ETE (FB Link)
- [VIDEO] 5 steps to mortgage qualification (FB Link)
- (BLOG) Why Pre-Approval Should Be Step One for First-Time Home Buyers
- Get pre-approved: ecarvelli.greenwaymortgage.com/prequalify
- Mortgage payment calculator
- Erin's mobile app: ecarvelli.mortgagemapp.com
- With an on-the-go payment calculator and pre-approval request
- Or text: ETE to 36260
- Website: smt.greenwaymortgage.com
- GreenwayMortgageAtTheShore on Facebook.
- GreenwayMtgSL on Twitter
- LinkedIn: Erin Carvelli
Are you a first time home buyer?
Consider downloading our FREE homebuying guide specifically for those new to the process. It's packed with useful information, checklists and tip sheets to get you off on the right foot.
Are you ready to take the next step?
It's time to get pre-approved with Erin the Expert!