A letter of explanation should tell the lender why an event happened and describe steps you’ve taken to solve or recover from ...

Writing a letter of explanation shouldn’t take very long. However, make sure you include all relevant details your lender might need. Here's a rundown of what you should include in an LOE ...

Your lender might also ask for an explanation if you hold a joint account with someone else but are applying for a mortgage in your name only. You should also be prepared to write a letter to ...