Mortgage Approval Letter Example: 4 Templates

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Firstly, you can confirm the approval for the mortgage as requested by the candidate. Confirmation of the collateral depends on the verification of the documents of the candidate.

You will assure the candidate about the documents that have been approved.  You can also share the information on how the process of approval has actually taken place. There is a need to express the collateral amount. You can also mention how hopeful you are for strengthening the business term.

Letter Template: 1

Mortgage Approval Letter

From,

[Sender’s Name]

[Address, Zip Code]

[Phone]

[Email]

[Date]

To,

[Bank Name]

[Recipient’s Name]

[Job Title]

[Address, Zip Code]

Sub- Approval for Mortgage

Dear [Recipient’s Name],

This is to let you know that your request for a mortgage has been approved by [Company’s name]. I would also like to let you know that we have gone through and verified all the necessary documents submitted by you and everything seems to be in order.

The collateral offered is thoroughly checked by competitive authority and evaluated by our registered valuation expert and it is valued as [Amount]. All legal requirements are also properly handled and the ownership is of the property is lawfully confirmed. 

Hence I would like to inform you that as per our lending regulation the amount of [Amount] will be ready for disbursal within [No of Days].

It is rewarding to do business with our valued customers. And the relationship we build today I wish will only strengthen in our coming days of business. We would like to thank you for choosing us for your financial requirement by applying to our secured lending product.

Yours sincerely,

[Your Signature].

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Letter Template: 2

Mortgage Approval Letter

[Mention the name of the sender]

[Mention the address of the sender]

[Mention the contact details]

[Mention the email address]

[Mention the date]

Subject- [Mention the subject of the letter or email]

[Mention the name of the recipient]

[Mention the address of the recipient]

[Mention the contact information]

Dear [Mention the name of the recipient], We are writing to inform you that our bank has received your application for a home loan in the amount of [mention the amount in number] [mention the amount in alphabet]. We are pleased to inform you that your [mention the purpose of the loan] application has been approved and is being processed.

We also want to let you know that we sent you an email with the documents attached. We have also sent you the terms and conditions of the loans that have been approved. We would like to schedule a meeting with the company’s finance officer to discuss any additional information or clarifications you may require.

Please keep in mind that the accounts department is aware of your approved leave. Also, your salary and other entitlements are correctly credited to your account.

I’d like to extend my best wishes for your leave on behalf of the entire management team. We wish you a wonderful holiday season.

I hereby request that you come by our office anytime during banking hours from [mention the day] to [mention the day] to meet with our Loan Officer, [mention the name of the loan officer], to complete all of the formalities so that the loan amount can be credited to your account.

For any further details please do not hesitate to contact me at [mention the email id of the sender] or you can also me at [mention the contact number of the sender. 

[Mention the name]

[Mention the profession]

[Mention the contact details]

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Letter Template: 3

Mortgage Approval Letter

[Mention the name of the sender]

[Mention the address of the sender]

[Mention the contact details]

[Mention the email address]

[Mention the date]

Subject- [Mention the subject of the letter or email]

[Mention the name of the recipient]

[Mention the address of the recipient]

[Mention the contact information]

Dear [Mention the name of the recipient], We, the [mention the name of the bank or company] bank team, are writing this letter in response to your request for a loan of [mention the amount in number] [mention the amount in alphabet]. Your application has successfully passed the guaranteeing process, and we are delighted to approve it with an annual interest rate of [mention the percent]%. The loan would be valid for a period of [mention the total year of loan period] years.

Please read the enclosed terms and conditions carefully. If you accept the terms and conditions, please sign the attached forms and return them to the bank as soon as possible so that we can begin processing your loan and release the funds to you. The terms of the amortization are also included in the mail. We ask that you follow the amortization rules in order to avoid late payment penalties.

After we have released the principal amount, you will be required to make the first payment of [mention the amount] within the next [mention the total period of days or weeks or months] days. The following payments would be due on the second of every month thereafter.

If you have any questions, please contact our help desk at any time by calling us at [mention the contact details of the bank’s help desk], or visit our branch between [mention the starting time] a.m. and [mention the departure time] p.m., or write to us at [mention the email id of the bank’s help desk].

[Mention the name]

[Mention the profession]

[Mention the contact details]

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Letter Template: 4

Mortgage Approval Letter

[Mention the name of the sender]

[Mention the address of the sender]

[Mention the contact details]

[Mention the email address]

[Mention the date]

Subject- [Mention the subject of the letter or email]

[Mention the name of the recipient]

[Mention the address of the recipient]

[Mention the contact information]

Dear [Mention the name of the recipient],[Mention the name of the bank or company] is pleased to confirm that, following successful underwriting, we are willing to extend you a personal loan of [mention the total amount of loan] immediately.

In summary, we can offer you a [mention the period of payment plan] year payment plan. The first payment of [mention the amount] is due [mention the number of days] days after the amount is disbursed. The interest rate on the outstanding balance will be calculated using our standard methods. Our [mention the percentage]% interest rate is guaranteed for the life of the loan.

You are kindly requested to visit our main office located near the [mention the name of the metro station or any other mark of that location] Metro Station, Head office at the [mention the floor of the building] Floor, [mention the location of the head office of the bank] anytime during our banking hours, with the following documents:

  • Original copies of pay stubs for the previous three months, which were faxed to our bank.
  • Current address proof from the last two months’ bank statements.
  • A valid form of identification (company ID, passport, or other government-issued ID with photo and signature).

Please contact us at [mention the contact number of the bank’s help desk] from [mention the timing of contact of the help desk] or email at [mention the email id of the bank’s help desk], Monday through Friday, for confirmation and further inquiries. We eagerly await the completion of your loan.

[Mention the name]

[Mention the profession]

[Mention the contact details]

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