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 ...

If you miss a mortgage payment, you're likely to have real trouble refinancing for at least six to 12 months, which may cost ...

When a house is lost, so is much of the collateral on the mortgage. Here's how both lenders and homeowners can bounce back.