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 ...

Rather than a formal debriefing, those procurements generally require only a “brief explanation” letter addressing the basis for awards based on factors other than price alone. Such a letter ...

You should ask the lender what, specifically, it needs to know, but having a letter of explanation template to work from can come in handy. The good news is, it doesn't have to be a lengthy document.

If your credit report has any negative history, or if there is something in your mortgage application that requires more information, a lender may ask you to submit a "letter of explanation." ...