This form is furnished to give you a statement of actual settlement costs. Learn how to read mortgage statements to help clients track payments, avoid errors, and manage their mortgages efficiently.How do I fill this out? A letter of explanation is a document that the lender may request to learn more about your specific financial situation. This website can become your go-to platform for completing as well as signing legal forms. Talk to a mortgage strategist today or fill out our online application. Ready to get started? The gift letter helps prevent borrowers from disguising loans as gifts. 03 Existing Loan(s) Assumed or Taken Subject to. To Make Your Mortgage Payments.