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 ...

A letter of explanation for a mortgage is a document that addresses red flags that might derail a mortgage approval, such as ...

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." This isn ...

If you're buying a home and your lender asks for a letter of explanation (LOE), it doesn't necessarily mean you’re in trouble. Lenders often request letters of explanation to clear up simple details ...