Key insights Your mortgage lender might request a letter of explanation if it needs information on your loan application clarified. Common reasons for a lender to request an LOE include large ...

A home loan sanction letter is a key to your home-buying journey. Serving as proof of eligibility, it also provides clarity on the loan terms and can be used to negotiate favourable loan terms.

Make sure that letter from a new mortgage loan servicer isn’t a scam October 14, 2020 More than 4 years ago If notified that your loan was sold, it is important to confirm that it was indeed sold.