Mortgage Explanation Letter

[YOUR NAME]

[YOUR ADDRESS]

[YOUR EMAIL]

[DATE]

[RECIPIENT'S NAME]

[RECIPIENT'S COMPANY]

[RECIPIENT'S ADDRESS]

Dear[RECIPIENT'S NAME],

I am writing this letter to explain the circumstances regarding my recent mortgage application, submitted on [DATE OF APPLICATION], identified by application number [APPLICATION NUMBER]. This letter supplements my application dossier with a concise overview of my financial situation, which I believe is crucial for your thorough evaluation.

The enigmatic fluctuations noted in my income over the last few years, as seen in the financial documents, are attributed to [SPECIFIC REASON ]- e.g., "a transition from full-time employment to freelance consulting to better manage family commitments"]. This shift has allowed greater flexibility but is reflected irregularly in my annual earnings. Additionally, other entries in my banking statements that might raise concern, notably [SPECIFIC ENTRY OR CONDITION], are chiefly due to [EXPLANATION OF THE CONDITION], which is not recurrent.

I want to assure you that my current financial standing is stable and more than sufficient to meet the repayment terms of the mortgage. Attached you will find statements from [BANK NAME OR FINANCIAL INSTITUTION] and [LETTERS FROM ACCOUNTANTS OR EMPLOYERS], which corroborate my claims and present a comprehensive picture of my finances.

Understanding the importance of full disclosure and the basis of sound financial dealings, I provide this detailed explanation to avoid any potential misunderstandings and to accelerate the review process. I am committed to maintaining clear and open communications and am ready to provide further details should you find it necessary.

Thank you for considering my circumstances and for the continued processing of my application. I look forward to your favorable decision and am eager to proceed with the steps following your acceptance.

Sincerely,

[YOUR NAME]