
How to write a letter of explanation for a mortgage
If you need to write a letter of explanation, there’s no need to panic.
David McMillin is a contributor to Bankrate covering personal finance, including mortgages, real estate, student loans and auto loans. From budgeting tips for individuals to funding strategies for aspiring business owners, his goal is simple: to help readers figure out how to save more and stress less. As a musician, he has spent a lot of time worrying about money, as well, and he applies the lessons he’s learned from that financial balancing act to offer practical advice for personal spending decisions.
McMillin studied writing at DePauw University. He is based in Chicago and loves to discover new places. He only needs to visit four more states (Alaska, Oklahoma, Utah and Vermont) to check all 50 off his list.
If you need to write a letter of explanation, there’s no need to panic.
Don’t skip this crucial step on your road to homeownership.
The District of Columbia is a unique city with a unique housing market.
Real estate in the Sunshine State isn’t as sunny as it once was, but the market is still hot.
This small state has big price differences depending on how close you are to New York City.
Boston real estate is booming, with its already-high prices on the rise.
There are some no doc mortgages, but you won’t find them widely advertised.
Not interested in investing in CDs? Try one of these potentially lucrative alternatives.