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 a period of unemployment or an unpaid credit balance. A letter of ...

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 ...