Month: October 2021

AMORTIZATION Definition & Usage Examples

The term amortization is used in both accounting and in lending with completely different definitions and uses. Explanations may also be supplied in the footnotes, particularly if there is a large swing in the depreciation, depletion, and amortization (DD&A) charge from one period to the next. To know whether amortization is an asset or not, […]
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Proof of Address for Mortgage

What is proof of address?

What is proof of address? To open a bank account or apply for credit, you need to prove your identity and address. Depending on which product you’re applying for, different pieces of identification will be required. To avoid delays in getting you set up with the financial service that’s right for you, we recommend checking […]
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Proof of Income for car Loan

What is a Proof of Income for a Car Loan?

What is a Proof of Income for a Car Loan? Proof of income is required when applying for an underwritten car loan. This letter presents the laborer’s or employee’s gross monthly income before taxes, social security deductions, health care deductions, pension plan deductions and other withholdings are taken. The proof of income can be in […]
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Proof of Address | Proof of Income | Proof of Address for loan

Tips to make bank statements

Tips to make bank statements The following blog post is for all of you who are looking to have a better understanding of how to read your bank statement. With this knowledge you can see where your money went and what accounts it has spent on Proof of Address. Therefore you will also be able […]
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