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It's best when writing a letter of explanation to make it short and to the point. You'll want it to provide the recipient with the information they need, however. Be clear and offer as much relevant detail as possible since the person reading the letter will need to understand your situation.
Learn about the CIBC Home Power Mortgage, CIBC Home Power Plan Borrowing Solution and the CIBC Home Power Plan Line of Credit. How long does a mortgage application take? If you have all your paperwork in order, you can complete a mortgage application and go through the approval process in just a few days.
You can complete a TD Mortgage online application at your convenience, from wherever you are. The Personalized Dashboard makes it easy to track your progress, and you can even apply with a co-borrower.
Here are some of the things mortgage experts recommend you include: The date you're writing the letter. The lender's name, mailing address, and phone number. Your full legal name and loan application number. Your explanation, with references to any supporting documents you're including. Your mailing address and phone number.
Dear [recipient's name], I write to you today in response to a letter I received from you, dated [insert date], about [insert number] of late payments on my loan from [insert date to date]. I am writing this letter today to explain to you the reasons for my delay.