A letter of explanation for a mortgage is a document that addresses red flags that might derail a mortgage approval, such as a period of unemployment or an unpaid credit balance. A letter of ...

Learn what you need to speed up the approval process Dhara Singh is a personal finance writer with more than 300 articles published online on topics related to personal loans, mortgages, and ...

Full mortgage approval also partly depends on the home ... you'll likely need to have them write a letter explaining that the funds are a gift. Conventional mortgage borrowers can put as little ...

According to the Small Business Administration, you can do this by opening a business bank account, getting a Data Universal Numbering System number (which allows you to build credit for your business ...

Most lenders require proof of at least two years of self-employment history. “Not only must the individual have been in ...

Skipping the mortgage pre-approval process can lead to disappointment ... A lender will review your finances, help you determine how much you can afford, and provide a pre-approval letter, which shows ...