Jenifer Sykes March 27, 2020 Explanation Letter
I'm not telling your customers must have credit. I'm saying you should not be helping deadbeats that have not changed their habits, but want a house because"that they are tired of throwing away their money on rent" Market yourself and find the folks who did have an unexpected problem ruin their credit and who have learned their lesson. Remember FHA cut you off from this program you allow too many deadbeats your filter anyway.
Regarding the writing, the and foremost step is to exactly the justification of writing the modification hardship . In here you explain the situations that have the hardship. You can the following legitimate reasons in your :
Do not skip points. Once the debtor understands what's needed, let them put it their words. Many loan officers advise their creditors to their excuse short. fall the particular trap. Be certain the debtor explains everything in tedious detail the point that who up loan file years from now may the reason why this debtor ended up being approved.
Whatever the contents of your , keep it easy, simple and sweet. Also, you send your letter via certified mail. And make an effort to incorporate evidences of your efforts to refund your debts as well as your financial hardship at present. Think of it as .