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Write Of Explanation How To Letter Mortgage For – Mortgage lenders request a letter of explanation for gaps in your employment or past credit problems. Then your loan officer tells you to write a letter of explanation about a few missed credit card payments from several years ago and your brief period of unemployment when your company.
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How to write a letter of explanation The letter is considered a piece of supplemental information that goes along with your mortgage application. With that in mind, make sure it is thorough and.
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When writing a mortgage letter of explanation, be as specific as possible and include actual dates and dollar amounts. If your LOE relates to a late payment or some other negative issue, you might want to describe the steps you’ve taken to ensure it won’t happen again.