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 giver ...

Today, a well-qualified borrower can get an adjustable-rate mortgage or ARM at under 6%, locked in for the first seven years. That’s 5.99% with just 1 point cost. One point equals 1% of the loan ...

Strengthening your credit score, setting a budget and understanding loan types are key before shopping for a mortgage lender.