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Need letter for lending institution explaining why I am moving into parents house with intent to purchase as permanent address?
Wiki User
∙ 7y ago
A letter to a lending institution should not require why your move is taking place. The letter should only state the change in information regarding the loan (or mortgage), including your contact information and statements regarding the completion of payments on the loan (mortgage).
An agreement between you and your parents regarding the purchase of their home is a contract between you and your parents.
If changes are to be made with the lending institution, that is a contract between your parents and the lending institution and must be amended by them. In most cases, a meeting in person with you, your parents, and the lending institution should take place to amend an existing contract. Your letter should request such a meeting if changes need to be made.
Wiki User
∙ 7y ago
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