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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. 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 ...

5. Mortgage assumption - Wikipedia

   en.wikipedia.org/wiki/Mortgage_assumption

   For example, making payments on the mortgage can evince an intent to assume it, as can paying less than the value of the property (if the difference is the amount outstanding on the mortgage). Absent an assumption of the mortgage by the purchaser, the purchaser buys the property subject to the mortgage, which means the property is still ...

6. 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 ...

7. What is a mortgagee clause? - AOL

   www.aol.com/finance/mortgagee-clause-190100413.html

   For example, say you buy a house for $500,000 with a $100,000 down payment and a $400,000 mortgage. To protect your investment, you purchase a homeowners insurance policy with $500,000 worth of ...