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

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

   There’s no need to panic if a lender requests a letter of explanation: It’s a common part of being granted conditional approval for the loan. Still, it’s important to do the job right. Still ...

3. 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 ...

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

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

   “Your mortgage application is denied.” Harsh news. But take heart: That doesn’t always mean you can’t get a mortgage. If your lender rejects your request for a loan, you can take steps to ...

5. Loan agreement - Wikipedia

   en.wikipedia.org/wiki/Loan_agreement

   Loan agreements are documented via their commitment letters, agreements that reflect the understandings reached between the involved parties, a promissory note, and a collateral agreement (such as a mortgage or a personal guarantee). Loan agreements offered by regulated banks are different from those that are offered by finance companies in ...

6. Loan guarantee - Wikipedia

   en.wikipedia.org/wiki/Loan_guarantee

   The loans are made by private lenders with the caveat that the government will pay off the loans if the company defaults on them. Chrysler did not go into default. Another example was the creation of the Emergency Loan Guarantee Board to administer $250 million in US government loan guarantees made to private lenders on behalf of Lockheed in 1971.

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. What are guaranteed mortgage loans? - AOL

   www.aol.com/finance/guaranteed-mortgage-loans...

   The funds for guaranteed mortgages come from private-sector lenders, but the loan is backed by a guarantor, typically a government agency, that will pay out money to the lender if the borrower ...

9. Banker's acceptance - Wikipedia

   en.wikipedia.org/wiki/Banker's_acceptance

   A banker's acceptance is a document issued by a bank institution that represents a bank's commitment to make a requested future payment. The request will typically specify the payee, the amount, and the date on which it is eligible for payment. After acceptance, the request becomes an unconditional liability of the bank.