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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. The Hardship Letter: Four Points to Make When Seeking a ... - AOL

    www.aol.com/news/2011-03-28-the-hardship-letter...

    In the same vein, the spate of loan modification scammers who have taken thousands from already struggling homeowners in return for false promises to fix their broken adjustable rate mortgages ...

  4. File:Sample-letters-for-creditors-and-mortgage-companies.pdf

    en.wikipedia.org/wiki/File:Sample-letters-for...

    sample-letters-for-creditors-and-mortgage-companies.doc: Software used: Preview: Conversion program: Mac OS X 10.13.6 Quartz PDFContext: Encrypted: no: Page size: 612 x 792 pts (letter) Version of PDF format: 1.3

  5. Documents needed for mortgage preapproval - AOL

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

    Loan statements from the past 60 days – auto loans, credit cards, personal loans, student loans and others Credit reports and scores, retrieved by the lender with your authorization

  6. Hardship clause - Wikipedia

    en.wikipedia.org/wiki/Hardship_clause

    The hardship clause is sometimes used in relation to force majeure, particularly because they share similar features and they both cater to situations of changed circumstances. The difference between the two concepts is that hardship is the performance of the disadvantaged party becoming much more burdensome but still possible.

  7. Commercial mortgage - Wikipedia

    en.wikipedia.org/wiki/Commercial_mortgage

    The term of a commercial mortgage is generally between five and ten years for stabilized commercial properties with established cash flows (sometimes called "permanent loans"), and between one and three years for properties in transition, for example, newly opened properties or properties undergoing renovation or repositioning (sometimes called ...

  8. Flex Modification Program (FMP): Everything you need to know

    www.aol.com/finance/flex-modification-program...

    Your loan is a first mortgage, which means that your lender will be the first to be repaid if you default and the foreclosed home is sold. If the loan is current or past due by fewer than 60 days ...

  9. Business letter - Wikipedia

    en.wikipedia.org/wiki/Business_letter

    Business letters can have many types of content, for example to request direct information or action from another party, to order supplies from a supplier, to point out a mistake by the letter's recipient, to reply directly to a request, to apologize for a wrong, or to convey goodwill. A business letter is sometimes useful because it produces a ...

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