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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. 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.

5. Loan origination - Wikipedia

   en.wikipedia.org/wiki/Loan_origination

   For example: if the borrower's house appraises for $415,000 and they wish to refinance for the amount of $373,500 – the LTV ratio would be 90%. The lender also may put a limit to how much the LTV can be – for example, if the borrower's credit is bad, the lender may limit the LTV that the borrower can loan.

6. How to choose a mortgage lender: 6 tips - AOL

   www.aol.com/finance/choose-mortgage-lender-6...

   These lenders may offer easier approvals and favorable loan terms, but you need to work with a broker (or another mortgage company) to get a loan from a wholesale lender; you can’t apply ...

7. 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 ...

8. 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 ...

9. 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.