Pre-approval requires a more extensive look into your personal finances than pre-qualification, typically including a hard ...

Fact checked by Betsy PetrickFact checked by Betsy Petrick A mortgage commitment letter is a letter issued by a bank or other lender stating that it has approved you for a home loan, although ...

Note that a letter of employment doesn’t guarantee you’ll be approved for a mortgage loan. However, it is required to help the lender assess your ability to repay the loan. If you have any ...

A gift letter for a mortgage verifies the source of a homebuyer’s gifted down payment funds. The gift letter proves that the funds are in fact a gift and don’t have to be repaid, and that the ...