Getting your paperwork ready for a VA cash-out refinance
Letters of explanation
Prep note
Underwriters may ask for a short letter explaining items such as a credit inquiry, a gap in work or a large deposit. Keep it factual, dated and signed, and attach any supporting records. A clear letter can resolve a condition quickly.
Last reviewed against the primary sources listed below.
Include
- What happened and when.
- How it was resolved.
- Supporting documents.
Prep questions
What is a letter of explanation?
A short written explanation an underwriter requests.
How long should it be?
Short, factual and signed.