Mortgage

A Gift Letter for a Mortgage is a letter used to verify that a monetary gift made towards a down payment on a home purchase is a gift and not a loan.

The main purpose of this letter is to provide documentation to the mortgage lender that the funds being used for the down payment are a gift and do not need to be repaid. The letter typically includes the names of the donor and recipient, the amount of the gift, and a statement that the funds are a gift and not a loan.

An Affidavit of Occupancy is a legal document that certifies the occupancy of a property and is often required by lenders, landlords, or local government agencies. The main purpose of this form is to provide evidence that a person or people are living in a particular residence.

The Uniform Residential Loan Application, also known as Freddie Mac Form 65 or Fannie Mae Form 1003, is a standardized form used by lenders to gather information from borrowers who are applying for a residential mortgage loan.

The main purpose of this form is to provide lenders with a complete and accurate picture of a borrower's financial situation, including their income, assets, debts, and credit history. The form is used to assess the borrower's ability to repay the loan and to determine the terms and conditions of the loan.