Add Yahoo as a preferred source to see more of our stories on Google. If your credit report has any negative history, or if there is something in your mortgage application that requires more ...

“The devil made me do it” was perhaps the most famous catchphrase of comedian Flip Wilson. And it was among the numerous excuses one potential borrower gave his lender to explain his lousy credit ...

Add Yahoo as a preferred source to see more of our stories on Google. If your credit report has any negative history, a lender may require a letter of explanation for a mortgage application. Needing a ...

Wed, May 7, 2025 at 4:56 PM UTC When you apply for a mortgage, you’ll need to hand over plenty of documentation: your bank statements, tax returns, pay stubs and details on your debts, to name just a ...

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 ...