A letter of explanation for a mortgage is a document that addresses red flags that might derail a mortgage approval, such as a period of unemployment or an unpaid credit balance. A letter of ...

A letter of explanation should tell the lender why an event happened and describe steps you’ve taken to solve or recover from the issue, if applicable. Not every borrower needs to write a letter ...

You should also be prepared to write a letter to account for any ... Windham offers a letter of explanation sample for an address discrepancy: Shashank Shekhar, CEO and mortgage broker/lender ...