Personal Finance
Gift Letter for a Mortgage: What Lenders Require
A mortgage gift letter documents that your down payment is not a loan. What Fannie Mae, Freddie Mac, and FHA require, and the paper trail behind it.
17 min read
Insights & Resources
Personal Finance
Net worth tracking, financial organization, and personal financial statements for everyday life events — homebuying, divorce, estate planning, and more.
Personal Finance
How to Write a Letter of Explanation for a Mortgage
A letter of explanation answers one underwriting question in writing. What triggers the request, what each agency actually requires, and how to write one.
15 min read
Personal Finance
What Is a Schedule of Real Estate Owned (SREO)?
A schedule of real estate owned lists every property you hold, its value, and its debt. What lenders require on one, and how it ties back to SBA Form 413.
11 min read
Personal Finance
7 Types of Liabilities and Where Each One Is Reported
The 7 types of liabilities (current, long-term, contingent, secured, unsecured, joint, and tax) and where each one lands on a personal financial statement.
13 min read
Personal Finance
Net Worth Statement Examples: 5 Worked Scenarios
Five net worth statement examples with real numbers: W-2 earner, business owner, investor, retiree, and SBA borrower, plus what a lender reads first.
13 min read
Personal Finance
List of Assets and Liabilities: 50+ Examples for Your PFS
A complete list of assets and liabilities with 50+ examples, organized the way lenders read them on a personal financial statement.
11 min read
Personal Finance
How to Complete a New York Statement of Net Worth
The New York Statement of Net Worth is the sworn financial disclosure every divorcing spouse files under DRL 236. How to complete it right.
12 min read
Personal Finance
Does Excel Have a Personal Financial Statement Template?
Excel's built-in gallery has budget and net worth templates, but no lender-style personal financial statement. What to download instead.
7 min read
Personal Finance
What Is a Net Worth Statement? Definition and Uses
A net worth statement lists what you own minus what you owe on one dated page. What goes on it, who asks for it, and how it differs from a PFS.
12 min read
Personal Finance
Personal Financial Statement for First-Time Homebuyers
A personal financial statement helps first-time homebuyers size up net worth, DTI, and cash to close before a lender ever opens the application.
11 min read
Personal Finance
Net Worth Statement Template: Build Yours in 20 Minutes
A net worth statement template lists what you own, values it at today's market price, and subtracts your debts. How to build yours in 20 minutes.
11 min read
Personal Finance
Personal Financial Statement Excel Template vs. Software
A personal financial statement Excel template is free and works for one filing. See where it breaks on repeat lender requests, and when PFS software wins.
9 min read
Personal Finance
How Often Should You Update a Personal Financial Statement?
A personal financial statement is a point-in-time snapshot. Refresh it within 120 days for an SBA 7(a)/504 loan, yearly otherwise, and after a major change.
12 min read
Personal Finance
Personal Financial Statement for Divorce Disclosure
A personal financial statement for divorce inventories every asset and debt before you sign the court's sworn disclosure. How to build one right.
13 min read
Personal Finance
Personal Financial Statement vs. Balance Sheet
A personal financial statement and a balance sheet both subtract what you owe from what you own. What each one shows, and which a lender asks for when.
10 min read
Personal Finance
What Is a Personal Financial Statement? (2026 Guide)
A personal financial statement is a dated snapshot of your assets, liabilities, and net worth. What goes on one, who needs it, and how lenders read it.
13 min read
Personal Finance
Personal Financial Statement Template: A 30-Minute Guide
A personal financial statement template captures your assets, liabilities, and net worth on a short balance-sheet form. What each section needs.
12 min read
Browse other topics
SBA Lending
Guides, updates, and best practices for SBA 7(a), 504, and Form 413 personal financial statements. Built for borrowers, brokers, and SBA-preferred lenders.
Commercial Real Estate
DSCR loans, multifamily acquisitions, REPE reporting, and personal financial statements for real estate investors and operators.
Business Lending
Conventional, SBA, alternative, and bridge financing for small and mid-market businesses. What lenders look for and how to prepare.
Product Updates
Release notes, new features, and behind-the-scenes looks at how StatementsReady is built.
Industry News
Market commentary, regulatory updates, and lending trends affecting personal financial statements and small business credit.