Sample Loan Request - How to Request For a Home Loan? The Correct Sample Format

By Eric Banks
In order to request a home loan from the bank or a mortgage company, you initiate the process by writing a home loan request letter to the bank. There are multiple tips to draft & send letter effectively and importance need to be given to all these tips to get a loan application approved from concerned banks or mortgage companies.
Let us understand the effective tips to draft a Loan Request Letter
 Research properly regarding the eligibility criteria laid down by the bank or the mortgage company.
 Mention all the financial details like your monthly income & the monthly expenditure in detail.
 Give legal proofs of the information stated there along with the letter, for instance duplicates of the credit card bills, etc.
 Always hold a copy of financial statements of your submission.
 Mail the letter only through a certified company. Also have a receipt of receiving of the submission.
 Write the content very neatly or get it typed.
 Maintain the matter very concise and to the point.
 You must give all your personal details like address, phone number, email address, profession / occupation, etc.
 Be very honest & candor in giving the financial information.
 Your letter must show your eagerness to go ahead with the loan procedure.
 

The Sample Format for Loan Request Letter
 

Date:
Borrower's Name:

Borrower's Address:

Borrower's Contact Numbers & Fax:

Borrower's Email:
 

Mortgage Company's Name:

Mortgage Company's Address:

Mortgage Company's Contact Numbers:

Mortgage Company's Fax:

Mortgage Company's Email:
 

Location:

Net Amount Required (US $):

Type of Funding:

Type of Collateral Instrument:

Repayment Terms Required:

Financing terms in years: Interest prepaid, Specify annual interest, Principal pay off at the end of the loan term, other stipulations like grace periods).
 

Executive Summary:
 

We hereby confirm that all the facts & figures furnished in this application for financing are true to the best of my knowledge I am ready, willing and able to proceed with all the supporting documentation.
 

Waiting for the response.
 

Regards,
 

Borrower's Signature

Borrower's Name

Borrower's Contact Numbers & Fax:

Borrower's Email:
 

President Obama has offered $1000 incentive for home owners that opt for Loan Modification instead of Short Sale Or Foreclosure

 

 

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