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Updated almost 6 years ago,
Lender requesting "letter stating the amount of rent..."
Hello all-
I'm in the process of getting a mortgage into underwriting as I'm negotiating the final details of a property I have under contract (closing on 2/15).
The lender is requesting "letter stating the amount of rent you anticipate collecting for this property."
Could this be as simple as, "I, Eric Bette, anticipate rental income totalling $XX,XXX dollars per year from the property at 123 ABC St" ? Or is there a template I should be working from.
Thanks for any input here.
Eric