The most common use of a bank confirmation letter by an individual is during the purchase of a home or land. In such cases, the letter provides confirmation to a seller or realtor that the bank's customer is approved for amortgageup to a specified amount for a proposed purchase. The lett...
Generally, there aren’t limits on the amount of money someone can gift you for down payments of closing costs, though there can be tax implications. However, some types of loans may need you to contribute a certain amount of the down payment. The regulations regarding this can change freque...