How do I get accepted with flying colors? How to present yourself in the best possible light to the lender

In this section we will explain how lenders rate you and how you can be more appealing to lenders when applying for a mortgage.
   
  Glossary - Accounting
 

Accelerated Depreciation
Account Receivable Turnover
Accountant's Letter
Balanced Budget
Bank Reconciliation
Barren Money
Blind Entry
Books of Final Entry
Capital Asset
Capital Requirement
Capitalized Cost
Cash Reserves
Checkbook Register
Current Ratio
Deferred Credit
Deficit Net Worth
EBIDTA
Effective Debt
Negative Net Worth
Operational Cash Flow

Accountant's Letter

An accountant's letter is a letter authored by an independent accountant and it precedes the publication of the financial report. This type of letter describes the scope and accuracy of the financial data. If an opinion is provided on the professionalism of the analysis and the validity of the data it is a good tool for raising credibility. Where such an opinion is not presented it becomes a cause of concern.

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