[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-275880-105":3,"detail-sidebar-cat-1-en-105":81,"doc-detail-275880-en":127},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","borrower-letter-of-explanation-form-questions","Borrower Letter of Explanation - Form Questions","","Borrower Letter of Explanation template used to collect written responses for loan underwriting review. The form prompts handwritten answers covering how monthly mortgage payments will be funded, the borrower’s exit strategy for completing a balloon payment, the urgency of the transaction and need for expedited closing, and the explanation for property occupancy. It includes structured blanks for responses and signature fields with borrower date.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/letters/","Letters",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/borrower-letter-of-explanation-form-questions/275880/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/borrower-letter-of-explanation-form-questions/275880.png","ImageObject",442,249,{"name":42,"@type":43},"Ophelia","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-26","2026-09-15",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",19,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What information does the underwriting team request in this borrower letter?","Question",{"text":63,"@type":64},"The form requests explanations for how monthly mortgage payments will be made, the exit strategy for the end-of-term balloon payment, the urgency of the transaction, and how the property will be occupied.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"Why are the answers required to be handwritten?",{"text":68,"@type":64},"The instructions state that underwriting needs to better understand the borrower’s situation and asks the borrower to HANDWRITE the answers.",{"name":70,"@type":61,"acceptedAnswer":71},"What fields must be completed at the end of the form?",{"text":72,"@type":64},"The borrower must provide a signature and the corresponding date, with signature and date lines included on the document.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},275880,1790212487,{"code":4,"msg":82,"data":83},"success",[84,89,94,99,104,109,114,118,123],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":86,"show_sort_weight":87,"slug":88},11,"Presentations",90,"presentations",{"id":90,"doc_module":22,"doc_module_name":25,"category_name":91,"show_sort_weight":92,"slug":93},12,"Resumes",80,"resumes",{"id":95,"doc_module":22,"doc_module_name":25,"category_name":96,"show_sort_weight":97,"slug":98},14,"Invoices",70,"invoices",{"id":100,"doc_module":22,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},15,"Posters",60,"posters",{"id":105,"doc_module":22,"doc_module_name":25,"category_name":106,"show_sort_weight":107,"slug":108},16,"Social Media",50,"social-media",{"id":110,"doc_module":22,"doc_module_name":25,"category_name":111,"show_sort_weight":112,"slug":113},17,"Forms",40,"forms",{"id":115,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":116,"slug":117},18,30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":121,"slug":122},21,"Paper Templates",5,"papers-templates",{"id":124,"doc_module":22,"doc_module_name":25,"category_name":125,"show_sort_weight":4,"slug":126},158,"General","general-158",{"code":4,"msg":82,"data":128},{"doc_id":79,"user_id":129,"nickname":42,"user_avatar":130,"doc_module":22,"category_id":115,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":22,"language":136,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":12,"update_tm":140,"read_time":4},7971461741311,"https://ap-avatar.wpscdn.com/avatar/74000253aff267980c6?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779345379180704826","BORROWER LETTER OF EXPLANATION  \nIn order for our underwriting department to better understand your situation; please HANDWRITE the answers to the following questions:  \nHOW WILL YOU MAKE YOUR MONTHLY MORTGAGE PAYMENTS?  \n(e.g., employment income, rental income, pension)  \n\n|  |\n| --- |\n|  |\n|  |\n\nEXIT STRATEGY:  \n(How do you plan to come up with a balloon payment at the end of the loan term? Will you be selling the home, refinancing into a conventional loan or something other)  \n\n|  |\n| --- |\n|  |\n|  |\n\nURGENCY OF TRANSACTION:  \n(Is this an Emergency Deal? Why does it need to close urgently? Do you need to waive your three day right of rescission?)  \n\n|  |\n| --- |\n|  |\n|  |\n|  |\n|  |\n\nEXPLANATION FOR OCCUPANCY:  \n(Who will be occupying the property? Will you be renting it or leaving it vacant in order to remodel or flip?)  \n\n|  |\n| --- |\n|  |\n|  |\n\nBorrower Signature Date  \n___________________________________ ______________  \nBorrower Signature  \nDate","cbCaimLwzHySMHT4","https://ap.wps.com/l/cbCaimLwzHySMHT4","pdf",30882,"English","# Letter Sections\n## Monthly Mortgage Payments\n## Exit Strategy\n## Urgency of Transaction\n## Explanation for Occupancy\n## Borrower Signature and Date","[{\"question\":\"What information does the underwriting team request in this borrower letter?\",\"answer\":\"The form requests explanations for how monthly mortgage payments will be made, the exit strategy for the end-of-term balloon payment, the urgency of the transaction, and how the property will be occupied.\"},{\"question\":\"Why are the answers required to be handwritten?\",\"answer\":\"The instructions state that underwriting needs to better understand the borrower’s situation and asks the borrower to HANDWRITE the answers.\"},{\"question\":\"What fields must be completed at the end of the form?\",\"answer\":\"The borrower must provide a signature and the corresponding date, with signature and date lines included on the document.\"}]","Borrower Letter of Explanation - Form Questions | PDF",1789489981]