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  2. What is a mortgage proof of funds letter? - AOL

    www.aol.com/finance/mortgage-proof-funds-letter...

    Before you can get a mortgage, you will need a mortgage preapproval letter. This is a document from a mortgage lender showing a proposed loan amount for a given borrower. While a preapproval ...

  3. Closing documents: A guide for homebuyers - AOL

    www.aol.com/finance/closing-documents-guide...

    The mortgage or deed of trust is the agreement between you and your mortgage lender to put the home up as collateral for the loan. “In layman’s terms, it gives the lender the right to ...

  4. Your mortgage statement explained - AOL

    www.aol.com/finance/mortgage-statement-explained...

    Key takeaways. Your mortgage statement is a document that includes key details about your loan. You'll receive a statement from your lender or servicer for each billing cycle, and it's a good idea ...

  5. What is mortgage loan origination? - AOL

    www.aol.com/finance/mortgage-loan-origination...

    As the lender originates your mortgage, be prepared to provide: Proof of income, including tax returns, W-2s and 1099s. Proof of assets and expenses, including bank and other account or brokerage ...

  6. IRS Form 1098: Mortgage Interest Statement - AOL

    www.aol.com/irs-form-1098-mortgage-interest...

    If you paid interest on a mortgage loan, your lender should provide you with a Form 1098 Mortgage Interest Statement at the beginning … Continue reading → The post IRS Form 1098: Mortgage ...

  7. Deed of reconveyance: What it is and how it works - AOL

    www.aol.com/finance/deed-reconveyance-works...

    Once you pay off your mortgage, the mortgage lender — also referred to as the “trustee” — creates the deed of reconveyance document. The lender then signs this document and has it notarized.

  8. Why did my mortgage payment go up? - AOL

    www.aol.com/finance/why-did-mortgage-payment...

    Aside from homeowners insurance and property taxes, your monthly mortgage payment is made up of both principal (the amount you borrowed) and interest. If your mortgage interest rate changes, your ...

  9. Mortgage questions to expect from your lender - AOL

    www.aol.com/finance/mortgage-questions-ask...

    That means that your regular monthly obligations — including car loans, credit cards, student loans and your mortgage (if you get it) — account for less than 36 percent of your pre-tax income.

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