How to write a letter of explanation for a mortgage
There’s no need to panic, but it’s important to do it right. Your loan may depend on it.
7 min read
Mar 13, 2024
David McMillin
Contributor, Personal Finance
EXPERTISE
- Personal finance
- Mortgages and real estate
- Real estate
- Student loans
- Auto loans
- Banking
EDUCATION
- DePauw University
David McMillin is a contributor to Bankrate covering personal finance, including mortgages, real estate, student loans and auto loans. From budgeting tips for individuals to funding strategies for aspiring business owners, his goal is simple: to help readers figure out how to save more and stress less. As a musician, he has spent a lot of time worrying about money, as well, and he applies the lessons he’s learned from that financial balancing act to offer practical advice for personal spending decisions.
McMillin studied writing at DePauw University. He is based in Chicago and loves to discover new places. He only needs to visit four more states (Alaska, Oklahoma, Utah and Vermont) to check all 50 off his list.
David's latest articles
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What is Ginnie Mae?
You don’t interact with it. But it makes that affordable mortgage of yours possible.
6 min read Mar 12, 2024 -
No-haggle dealerships and beyond: Where to buy a car without haggling
Haggling is a common tactic for getting a better car deal — but you don’t have to.
3 min read Mar 11, 2024 -
54% of aspiring homeowners don’t earn enough to afford the purchase. Should you pool resources with a friend?
For many homebuyers, sole ownership is prohibitively expensive.
8 min read Mar 04, 2024 -
What is a pre-listing inspection?
A pre-listing inspection can alert you in advance to repairs a buyer might ask for.
5 min read Mar 01, 2024 -
Are condos a good investment?
They can be! But before you begin your search, be sure to have clear goals and crunch the numbers.
5 min read Feb 27, 2024 -
West Virginia first-time homebuyer assistance programs
If you’re a first-time homebuyer in West Virginia, help is available.
4 min read Feb 23, 2024 -
Borrowing money from your home to pay for your child’s college
Using your home equity for educational bills can work, if you consider all the pros and cons first.
9 min read Feb 22, 2024
