I was talking to a real estate agent (USA, CA bay area) who told me that I need to not only fill out a loan app, w2, and account statements but also write a introduction letter for the lender. I've never heard of this is it common?
When searching the internet I haven't seen any examples of this. I see examples of cases where people have been in financial peril or needed to explain anomalous finances but never for a simple mortgage application.
I've talked to other real estate agents who have not mentioned this. Is this a red flag? Why can I not find examples on the internet. I searched mortgage application introduction and I just found bank introduction letters offering mortgages.
What should these letters typical contain, who should they be addressed to, particularly if I will never / have never met the lender nor do I know who they might be.