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 bank manager or branch supervisor but you can also write the letter without addressing anyone and the bank will refer the letter to whomever it may concern or to the person in charge of mortgage loan plans.

Brief Description of Application Letter for New Mortgage Loan:

There are many times when individuals and companies need urgent cash or money and they can’t find it from any friends or partners so banks come in for help. If you are good and reliable citizen, you can ask banks for loans. Many people make the mistake of resembling the mortgage loan letter with simple loan letter but they are different. The simple loan letter is just an application to get some loan without pledging any property or shares with the bank where the mortgage loan application asks the banks to take a look at the property and decide how much loan they can issue on mortgage.

Most people take only one mortgage loan on their properties but if they are paying their installments on time and schedule, they can also get a second mortgage on the property from the same bank or another bank depending on the situation and bank policies. Also, the mortgage loan application takes more time as the bank has to evaluate the mortgage property first and then prepare a statement of how much loan it can provide to the client. This is why if you are asking for mortgage loan, you need to send the application 2 to 3 weeks before you actually need loan money.

Sample Application Letter for New Mortgage Loan:

To: senior manager

National Capital bank, main branch

New York NY 35094

Subject: mortgage loan information

Date: 19 January 2015

Dear Sir,

I am regular customer of your bank and I have two accounts in your bank where my salary and other payments are transferred every month. With my accounts’ details, you can see that I always keep good amount of cash in my account so that proves that I won’t be a liability for your bank if you issue loan to me.

I have attached the details of my property/shares or stocks that I want to pledge with your bank for mortgage loan. Kindly consider my application and start the process as soon as possible so that you can evaluate the worth of property and issue the loan.

I have also attached testimony or insurance of two of my neighbors that will also act like my guarantors in this case. You can also talk to them and make the decision as soon as possible because I need the loan money without 15 days or less.

I hope you will consider me as a valuable applicant for this mortgage loan request.

Regards,

Thomas John

Account number: 98-23597-028470-112-1

Signature

Related Sample Letters

  • Sample Application LetterSample Application Letter It is considered that if you want to search a job then a resume is important but only resume is not enough because lots of people are also applying for the same job. If you want to stand out in the crowd then you should have something special to show your qualifications and credentials. You can do this easily by writing an application letter that is important to enclose your resume. It […]
  • Complaint Letter for Mortgage Payment ProblemsComplaint Letter for Mortgage Payment Problems 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 has to write a formal application letter to the mortgage company informing them about the […]
  • Bank Loan Information Request LetterBank Loan Information Request Letter When individuals and companies need cash on urgent basis and they can’t find it anywhere else, they apply for a loan to the bank of their choice. In order to start this process, they need to send a formal request letter to the bank asking them for the loan but before that, if a person doesn’t know much about a loan process or other elements i.e. installments and interest rates, the […]
  • Sample Financial LetterSample Financial Letter A financial letter is a letter related to money and its transactions and deals with the finance related problems. A financial letter is created for a number or purposes which includes both financial and account related issues. A firm issues a financial letter to get financial aid from a bank, organization or corporate firm when it’s having problems regarding finance or just going to be […]
  • Sample Letter to Credit Reporting Services Disputing Negative RemarksSample Letter to Credit Reporting Services Disputing Negative Remarks There are many reasons that a person doesn’t want negative remarks or penalties to show on his credit card statement. It can be because of taxation processes, employment purposes or just for mortgage loans. When there are negative remarks on a credit card that the owner wants to dispute i.e. remove, he needs to write a formal request letter to the company and ask them to remove these […]