Get guidance from trusted mortgage experts. 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 ...

If your credit report has any negative history, a lender may require a letter of explanation for a mortgage application. Needing a letter of explanation isn't a cause for panic, but it's something you ...

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 ...