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

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

    Sample letter of explanation While the exact content of your letter depends on your circumstances, you can use this sample letter of explanation to a mortgage lender as a template: Date

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

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

    A preapproval letter and a proof of funds letter are two separate documents, but they’re both important when buying a house. Before you can get a mortgage, you will need a mortgage preapproval ...

  4. How to Buy a House: A 9-Step Guide to Navigating Your Purchase

    www.aol.com/finance/buy-house-9-step-guide...

    24/7 Help. For premium support please call: 800-290-4726

  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. Mortgage - Wikipedia

    en.wikipedia.org/wiki/Mortgage

    A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

  7. How to buy a house from a family member - AOL

    www.aol.com/finance/buy-house-family-member...

    Buying a house from family can make things easier, but it can also create bad blood. ... “Any gifted funds will have to be documented via a gift letter and adhere to the mortgage lender’s ...

  8. 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.

  9. What to do when your mortgage application gets denied - AOL

    www.aol.com/finance/mortgage-application-gets...

    A mortgage denial letter, also known as a denial letter or adverse action notice, is a formal written communication provided by a lender to a borrower when their mortgage application has been ...

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