Have you recently been asked by an employee to write an employment letter to a bank to verify that he works with you so that he can qualify for a home loan? There is no need to worry. If you have found yourself in such a situation (and have not written an employment letter before),… Read More »
A loan application cover letter is usually addressed directly to the loan officer. In a letter of this type, you will need to express your wish to acquire a loan and convince the loan officer that you qualify for the loan. A loan application letter may need some auxiliary documents enclosed with it. You will… Read More »
Many companies offer loan services to their employees, provided that they have worked for the company for a certain period of time. Depending on what an employee draws as a monthly or annual salary, a maximum possible loan amount is calculated – this figure or percentage is decided by the company. For instance, the company… Read More »
You may have been diligent in paying off your mortgage for years but if you have lapsed now, it is your duty to write a letter of explanation to the company that has granted you the mortgage. Your reason could be anything from an accident to an unexpected expense – the mortgage company needs to… Read More »
If you have been late in paying off your mortgage, it is time to write a letter of explanation to the lender. Falling back on your payments is quite a distressing thing to go through but you can make amends (somewhat) if you bother to explain why this has happened. After all, the organization that… Read More »
A down payment on a house is not the easiest of things to manage. While it is somewhat easy to make monthly payments, down payments are a different ballgame altogether. However, mortgage companies cannot deny you a mortgage plan if a family member or friend has decided to give you funds to put a down… Read More »
Many of us have been victims of what we consider the cruel practice of “laying off”. Losing one’s job can have a tremendously devastating effect on one especially since we have bills to pay. What is worse than not having money to pay for bills is not having money to pay off the mortgage of… Read More »
As a final step in the mortgage application process, a mortgage commitment letter is issued by the lender to put a final seal of approval on the mortgage modalities decided between the lender and the borrower. While there is no standardized format on which a mortgage commitment letter is written, there are some rules that… Read More »
Mortgage hardship letters are written in the event that a borrower is unable to meet his payback obligations. The word “hardship” signifies a problem that the borrower may be going through (usually a financial worry) that has transpired in him making late payments or no payments at all. The purpose of a mortgage hardship letter… Read More »
It is difficult to meet your mortgage obligations when you are unwell. However, mortgage companies may not always understand unless they have proof that you have been too unwell to make your mortgage payments. In such circumstances, you should write a mortgage hardship letter to the lending company and provide details of your illness and… Read More »
Divorce is a terrible time to go through – it is not only the emotional trauma that brings us down but also the financial problems associated with it. Many people fall back on mortgage payments after a divorce settlement has taken place and it can be quite traumatic for them to feel that they may… Read More »
The beginning of the year is the right time to let parents know what is in store for their children during the rest of the academic year. Communicating with parents at the beginning of the year is important for many reasons. Firstly, you need to connect with parents to assure them that they will be… Read More »