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  2. How to write a letter of explanation for a mortgage - AOL

    www.aol.com/finance/write-letter-explanation...

    A mortgage lender might ask you to write a letter of explanation to better understand your finances when deciding whether to approve you for a loan. While your lender’s underwriting department ...

  3. How to Write a Letter of Explanation for a Mortgage - AOL

    www.aol.com/news/write-letter-explanation...

    What Is a Letter of Explanation? Needing a letter of explanation isn't a cause for panic, but it's something you should be prepared for. How to Write a Letter of Explanation for a Mortgage

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

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

    You can request a proof of funds letter in person at your bank or online. Your lender might be able to fill out a request form on your behalf instead. What is a mortgage proof of funds (POF) letter?

  5. Proof of funds - Wikipedia

    en.wikipedia.org/wiki/Proof_of_Funds

    Thus, a POF letter or statement provides the selling or lending party with confidence that the funds are obtainable and legitimate. [1] Proof of funds are also often required where there is a potential liability in the future for example it may be requested by governments on visa applications to ensure a traveler has the means to support ...

  6. Estoppel certificate - Wikipedia

    en.wikipedia.org/wiki/Estoppel_certificate

    An Estoppel Certificate (or Estoppel Letter) is a document commonly used in due diligence in real estate and mortgage activities. It is based on estoppel, the legal principle that prevents or estops someone from claiming a change in the agreement later on. [1] It is used in a variety of countries for commercial and residential transactions.

  7. Pre-approval - Wikipedia

    en.wikipedia.org/wiki/Pre-approval

    In lending, a pre-approval is the pre-qualification for a loan or mortgage of a certain value range. [1]For a general loan a lender, via public or proprietary information, feels that a potential borrower is completely credit-worthy enough for a certain credit product, and approaches the potential customer with a guarantee that should they want that product, they would be guaranteed to get it.

  8. Documents needed for mortgage preapproval - AOL

    www.aol.com/finance/documents-needed-mortgage...

    When you make an offer on a home, including a preapproval letter from a mortgage lender shows the seller you’re a legitimate buyer with financing. In fact, some sellers demand prospective buyers ...

  9. What is a gift letter for a mortgage? - AOL

    www.aol.com/finance/gift-letter-mortgage...

    A mortgage gift letter is a document that helps satisfy the requirement that a borrower’s down payment funds come from legitimate sources. The letter involves the giver verifying, in writing ...

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