What Is a Gift Letter for a Mortgage? A gift letter is a document you submit as part of a loan application if you plan to use gifted money or equity for some or all of your down payment.

If you get a gift for your down payment (thanks, Mom), you need a mortgage gift letter. Here are the rules.

Most mortgage underwriters will require a signed gift letter from the parents stating that the money is a gift, not a loan, ...

Today’s Forbes Daily covers Tesla and Alphabet’s earnings reports, Trump’s international business deals, Columbia’s ...

The dollar has fallen by about 8 percent since Donald Trump took office. Setting aside whatever that may say about investor ...

Learn more about whether Bank of Hawaii Corporation or Nicolet Bankshares, Inc. is a better investment based on AAII's A+ ...

Preapprovals usually expire after 90 days, says DiBugnara, so ask your lender how long yours will be good for. If you’re a ...

Key takeaways Mortgage underwriting is often an automated process. Software decides whether you are approved, rejected or asked for additional information. Credit score is the most important factor ...

Learn more about whether Intercorp Financial Services Inc. or Nicolet Bankshares, Inc. is a better investment based on AAII's A+ Investor grades, which compare both companies' key financial metrics.

Incidence of mortgage fraud perpetrated against borrowers is on the rise, the Financial Markets Authority says in a warning ...

The Bank of England has said it will implement rules which will make it easier for mid-sized banks to compete in the mortgage market and simplify restrictions for smaller finance firms.

The 2025 World’s Best Consumer Bank is State Bank of India. “Focused on customer engagement, digital transformation, and expanding accessibility, the State Bank of India has secured its leadership ...