A jumbo loan is a mortgage for more than $806,500 in 2025. You'll have to meet stricter requirements to receive a jumbo loan, including a bigger down payment. Jumbo mortgage rates may be lower ...

A letter of explanation for a mortgage is a document that addresses ... affects the interest rate you’ll be offered or if you get a loan offer at all. Your letter of explanation can give a ...

HSBC Holdings Plc is offering a new loan product to US companies struggling to cover the cost of President Donald Trump’s tariffs that have roiled international supply chains. The London ...

Imagine you have $50,000 to give to your daughter and her husband for a down payment on their new home. The question is, will you owe gift taxes because of your generous gesture? Despite popular ...

What is a 15-year fixed mortgage? A 15-year fixed mortgage is a loan you use to buy a house that you’ll pay off over 15 years with a set interest rate. Because it has a shorter term than a ...

To get a pre-approval letter for the purchase of market rate housing, view the list of lenders who are approved for the Downpayment and Mortgage Assistance programs. Eric W Tang NMLS 244025 ...

A mortgage is a big financial decision. Comparing mortgage rates and other loan elements among at least three lenders can help you find the best deal. Taking the time to make an informed decision ...

“If you were receiving a lump-sum gift from one person, you’d likely need a gift letter for the lender explaining the source of funds,” Backyard Mortgage Corp.’s Fred Goncher say ...

Gift letters are usually required by mortgage ... $19,000 may not feel like enough. Chris Thomas, a mortgage loan originator with Michigan-based Iris Mortgage, points out that there is a "five ...

when the sheer volume of letters overwhelms me. At Christmas this year, the time it took prompted me to pause and reflect: Is it truly necessary to write a thank-you note for a thank-you gift?

In a fiery, five-page letter to US Attorney General Pam Bondi ... clear and all caps statement two weeks earlier to the mortgage loan broker that ‘[t]his property WILL NOT be my primary ...