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Applying for a mortgage is a complicated affair for anybody, but if you have a foreclosure on your credit record, there’s even less certainty you’ll be approved for a home loan. One of the.
The Basics of the Perfect Letter of Explanation – Blown Mortgage – If your financial or employment history is less than perfect, an underwriter might ask for a letter of explanation. These letters are generally asked for in situations that the circumstances are outside of the normal guidelines that an underwriter uses.
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