If you're looking to buy a house, you'll have to provide a lot of documentation — including a proof of funds (POF) letter. In most cases, this document shows the seller that a prospective buyer has ...

A proof of funds letter, or POF letter, proves you have the funds to buy a home. You might need one whether you’re getting a mortgage or paying for the property with cash. Many mortgage lenders allow ...

One exciting step when buying a home is the requirement of proof of funds. Proof of funds (POF) is a document that demonstrates that you have the funds or ability to pay for a transaction. In the case ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, ...