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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. How to Write a Letter of Explanation for a Mortgage - AOL

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

   If your credit report has any negative history, a lender may require a letter of explanation for a mortgage application. Needing a letter of explanation isn't a cause for panic, but it's something ...

4. Mortgage questions to expect from your lender - AOL

   www.aol.com/finance/mortgage-questions-ask...

   For example, you might need a bigger down payment to qualify for an investment property loan than you would for a primary residence. ... your lender will likely require you to submit a gift letter ...

5. Promissory note - Wikipedia

   en.wikipedia.org/wiki/Promissory_note

   A 1926 promissory note from the Imperial Bank of India, Rangoon, Burma for 20,000 rupees plus interest. A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or ...

6. What is a gift letter for a mortgage? - AOL

   www.aol.com/finance/gift-letter-mortgage...

   When a mortgage lender underwrites a loan application, they verify the borrower’s finances, including down payment funds. When a borrower receives gifted down payment funds, a gift letter ...

7. 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:

8. Offset loan - Wikipedia

   en.wikipedia.org/wiki/Offset_loan

   An offset loan is a type of lending arrangement, usually for a mortgage, in which a borrower also maintains a savings account with the lender. Instead of receiving interest on the savings account, the interest payment due on the loan is calculated only on the net balance of the loan minus the savings account. The regular payment is calculated ...

9. 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 ...