If you have since returned to the workforce, including recent pay stubs or other proof of the new job and its pay can be helpful. Similarly, if your letter of explanation is about a past credit ...

If your lender asks you to submit a letter of explanation, your mortgage application may have reflected one of the following: A job change or employment gap: If you changed jobs just before ...

If your credit report has any negative history, or if there is something in your mortgage application that requires more information, a lender may ask you to submit a "letter of explanation." ...