Be short and to the point: Keep this letter specific to the lender’s inquiries. Unnecessary detail could result in confusion or spark more questions. Sample letter of explanation for a mortgage ...

The governor of the Bank of England Mark Carney will be forced to write a letter of explanation to the UK’s finance minister explaining why the central bank has missed its inflation target ...

[Read: Best FHA Loans.] Sample Letter of Explanation If your lender asks for a letter of explanation, you'll need to know what you should include.

Promptly providing a letter of explanation to your lender can help expedite the loan process and move you one step closer to closing. If you don’t, your loan closing could be delayed or even denied.

Sample Letter of Explanation If your lender asks for a letter of explanation, you’ll want to state what the issue is and, if needed, describe how it was resolved.