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My loan officer said that I need to express my Intent to Proceed in order for my mortgage loan application to move forward. It means you applied for a mortgage, maybe with a few lenders.Learn how to write an impressive statement of intent for graduate school in 2023, and review a sample statement of intent. A letter of intent to occupy is a concise legal document that you write stating your intention to live in the home you're mortgaging as your primary residence. Imposing fees on a consumer before the consumer has received the Loan. Estimate and indicated an intent to proceed with the transaction. A letter of intent is a formal letter that expresses your intentions to do something, such as apply for an educational program or job or make a purchase. A letter of intent is a document declaring the preliminary commitment of one party to do business with another. Isn't the joint financial statement enough proof for joint intent? The LOI represents a critical juncture in the sales process that marks the beginning of due diligence.