When an individual or a company gets loan or mortgage loan from a bank or mortgage company, they agree to pay the installments on time every month or twice a year depending on the agreement. But, it is possible that the lender or debtor can’t make the payment on time and when this happens, he…

A formal letter that is written by individuals or companies and corporations to bank managers in order to ask them to provide a mortgage loan is known as the application letter for new mortgage loan. This letter is different from the simple loan request letter. In most cases, this request letter is addressed to the…