Sample Mortgage Explanation Letter
September 18, 2050
Daniel Roberts
Senior Loan Officer
Pioneer Mortgage Services
101 Financial Plaza
Boston, MA 02110
Subject: Explanation Regarding Late Payments on Mortgage Application
Dear Daniel Roberts,
I am writing to provide an explanation regarding the late payments reflected on my credit report during the review of my mortgage application submitted on September 1, 2050.
The late payments in question occurred during the months of June and July 2049, and I fully understand the importance of maintaining a positive credit history, particularly when applying for a mortgage. The delay in these payments was due to unforeseen medical expenses that arose suddenly when my family experienced a medical emergency. This situation temporarily impacted my ability to meet certain financial obligations on time.
Since then, I have taken the following steps to address this issue:
I ensured all outstanding payments were cleared immediately following the emergency and have since maintained a consistent payment history.
I have worked to improve my overall financial standing by increasing my savings and maintaining an emergency fund to handle any future unexpected expenses.
My credit record since then has shown no further late payments, reflecting my commitment to financial responsibility.
Please find attached medical documents and payment records to substantiate this explanation and provide clarity regarding the cause of the temporary financial disruption.
I trust this explanation will provide sufficient context for the late payments and help facilitate the mortgage approval process. I appreciate your understanding and consideration of my situation. Should you require any further details, please feel free to reach me at [Your Email] or [Your Number].
Thank you for your time and attention to this matter.
Sincerely,
[Your Name]
[Your Number]
[Your Email]
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