714-997-3486 By Liz Dominguez What is a comfort letter and why do you need one? The mortgage process when purchasing a home can be tricky—there's a ton of paperwork to read through and sign, so much that your hand might just cramp up from the vast amounts of signatures required. But don't worry if your mortgage lender requests that you write them a "comfort" letter—it's just a statement clarifying your financials so they can get you to the closing table with minimized risk. What do they want to clarify? It can be a number of things: Employment Lapses Is there a period of time in which you were not working recently? The bank may ask you about this lapse so they can ensure you are still a stable loan candidate and are financially comfortable with paying back the loan once you close on the home. You may have worked freelance during this time, in which case the bank may ask for proof of income. Large Bank Deposits Did you recently come into a large su...