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Mortgage lenders request a letter of explanation for gaps in your employment or past credit problems. Learn how to write a letter of explantation. Mortgage lenders request a letter of explanation for gaps in your employment or past credit problems.. letter of Explanation: What, Why and How.
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How to Explain a Gap in Employment on a Mortgage Application. – A gap in employment can be a tough thing to explain, especially on a mortgage application. If you’re going to depend on a lender to help you buy a home, your employment history is one of the most.
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How does a break in employment hurt an application for a mortgage loan? Asked by Jack, Warner Robins, GA Thu Mar 3, 2011. I am looking to purchase a home in the very near future. Here is my situation: Laid off in Oct 2011, will start a new job, but same career field on 01 April 2011.
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