A motivation letter for mortgage is written to address that the person is willing to buy a property on mortgage basis. The motive of a mortgage motivational letter is to convince the bank to provide them mortgage facility.
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In this article we will be guiding you on drafting a mortgage letter with sample letter and email template .
How to write a Mortgage Letter ?
A mortgage is an agreement that agrees between person availing mortgage and the financial authority. Which says that if the person availing mortgage fails to pay loan then the financial authority has the right to sell the property. This letter is important because through this letter borrower explains why the mortgage will be beneficial for him and why is it required.
Dos and Don’ts :
- Give a small introduction of yourself.
- Letter should be in formal style without abbreviations.
- You should greet and exit formally.
- No use of jargon.
Sample Letter for Mortgage with Example
Now let us see how to write mortgage letter below in the sample Letter and Email.
Motivation Letter for Mortgage
A-Block Street 6
Date: 11 March 2017
I am writing this letter to express my interest in fixed-rate 10 year mortgage from IP Bank which will help in assisting my home purchase decision. I am a Senior manager at QRS Solutions in Noida and I am currently looking for a house that best suits my family needs. I am looking for a 2BHK flat near my office. My wife and I have combined income of 7LPA. Moreover considering estimated housing rate we expect approximately 25 L in addition to the amount we are paying in cash to the dealer.
We don’t have any previous unpaid loan records. I am attaching details of rent and utilities so that you can cross check my statement. Our jobs are stable and we have adequate savings in our bank accounts. I hope that you will approve us for mortgage at current market rate of 3.7% for 25L. For any further details contact me on 98xxxxxxx.
Thank you for considering my application. I am hoping for a positive response.
Sample Motivation Email for Mortgage
From : email@example.com
To : abc@bank
Subject : Motivation Letter for Mortgage
Dear Loan Officer ,
Today I am writing this email as I have requested a home loan . I have attached all the required documents . I am willing to buy my dream house and total annual income of me and my wife is 7LPA . We will be able to pay 5L from our expenses and rest amount i.e. 15L is required as a loan. I have researched about various banks and I found that your bank offers best home loan facilities moreover with easy and flexible repayment options. I am currently employed at XY Company. For my work related verification You can contact 98xxxxxx. I have also attached my salary breakdown which states how much I can allot for repayment of loan every month. I will be highly obliged if you consider my application. Looking for a positive response.
Motivation Letter and Email for Mortgage in PDF and Word Format
Motivation Letter for Mortgage in PDF Format
Motivation Letter for Mortgage in Word Format
- Motivation letter for mortgage is a formal letter written to the loan officer for requesting to lend loan or approve application.
- Don’t use abbreviations or jargons in the letter .
- Enclose your salary structure details by attaching necessary documents .
- Sound Genuine in the Motivation Letter .