[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-275875-105":53,"doc-detail-275875-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","loan-of-explanation-use-of-proceeds-122325","Loan Of Explanation - Use of Proceeds - 12/23/25","","Letter of explanation outlining how borrowers plan to use cash-out proceeds received at closing for a refinance mortgage. The form confirms allocations for acquisition, improvement, or maintenance of rental properties, including purchasing nonowner-occupied rental properties and funding upgrades or upkeep. It also lists alternative uses such as paying off certain personal debts and covering personal or consumer expenses. Additional business uses unrelated to rental property improvements are also provided as a designated allocation.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/loan-of-explanation-use-of-proceeds-122325/275875/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/loan-of-explanation-use-of-proceeds-122325/275875.png","ImageObject",442,249,{"name":88,"@type":89},"Aurelia","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-18","2026-09-15",true,{"@type":98,"interactionType":99,"userInteractionCount":8},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What cash-out purpose does the letter cover in a refinance transaction?","Question",{"text":108,"@type":109},"It explains that the borrowers will receive a pre-determined cash-out payment at closing and describes how those proceeds will be used.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How does the form allocate proceeds for rental properties?",{"text":113,"@type":109},"It provides percentage lines for acquiring new nonowner-occupied rental properties, improving the subject property or other rental properties, and maintaining the subject property or other rental properties.",{"name":115,"@type":106,"acceptedAnswer":116},"What other uses of proceeds are allowed besides rental properties?",{"text":117,"@type":109},"The form includes paying off certain existing personal debts, funding personal/consumer purposes, and allocating proceeds for business purposes unrelated to rental property acquisition, improvement, or maintenance.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},275875,1790392790,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":8,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":73,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":9},1099514068365,"https://ap-avatar.wpscdn.com/avatar/10000253d8d9f28188e?_k=1776742907772140068","Borrower(s) Name(s):  \nSubject Property Address:  \nLoan No.:  \nLender Name:  \nI/We the Borrower(s) identified above have applied for a mortgage loan to refinance an existing mortgage loan on the above Subject Property and, in connection with the contemplated refinance transaction, I/we will receive a pre-determined cash-out payment at closing. The purpose of this letter is to explain to the Lender how I/we intend to use the proceeds from such cash-out payment received.  \n1. I/we confirm that the proceeds from the cash-out payment made by the Lender at closing as follows:  \n(a) Acquisition, Improvement or Maintenance of Rental Properties  \n  % of the proceeds from the cash-out payment will be used to acquire new nonowner-occupied properties to be used for rental purposes  \n  % of the proceeds from the cash-out payment will be (or has been) used to improve the Subject Property or other non-owner-occupied properties used for rental purposes  \n  % of the proceeds from the cash-out payment will be used to maintain the Subject Property or other non-owner-occupied properties used for rental purposes  \n(b) Other Uses  \n  % of the proceeds from the cash-out payment will be used to pay-off existing personal debt(s) of the borrowers (other than the current mortgage on the Subject Property)(e.g., credit card debt, medical debt, student loan debt, etc.)  \n  % of the proceeds from the cash-out payment will be used for personal/consumer purposes (e.g., pay for college, pay for wedding, trip, acquisition/maintenance/improvement of an owner-occupied property, including a second home, or other household usage, etc.)  \nLETTER OF EXPLANATION: USE OF PROCEEDS  \n  % of the proceeds from the cash-out payment will be used for business purposes unrelated to the acquisition, improvement or maintenance of rental properties (e.g., capital investment in or working capital to support a business unrelated to rental properties)  \nBorrower 1:  Signature  \nPrint Name:   \nBorrower 2:  Signature  \nPrint Name:   \nDated:   \nDated:","cbCaietgftyHrmAY","https://ap.wps.com/l/cbCaietgftyHrmAY","pdf",88245,"English","# Letter of Explanation: Use of Proceeds\n## Refinance request and cash-out purpose\n## Confirmed uses of cash-out proceeds\n## Borrower signatures and dating","[{\"question\":\"What cash-out purpose does the letter cover in a refinance transaction?\",\"answer\":\"It explains that the borrowers will receive a pre-determined cash-out payment at closing and describes how those proceeds will be used.\"},{\"question\":\"How does the form allocate proceeds for rental properties?\",\"answer\":\"It provides percentage lines for acquiring new nonowner-occupied rental properties, improving the subject property or other rental properties, and maintaining the subject property or other rental properties.\"},{\"question\":\"What other uses of proceeds are allowed besides rental properties?\",\"answer\":\"The form includes paying off certain existing personal debts, funding personal/consumer purposes, and allocating proceeds for business purposes unrelated to rental property acquisition, improvement, or maintenance.\"}]","Loan Of Explanation - Use of Proceeds - 12/23/25 | PDF",1789489971]