Download Sample Letter Of Intent Reverse Mortgage Background. This sample letter of intent to purchase is a great example of how to communicate your intentions. A letter of intent can be described as an interim agreement which jots down the major points of a contract that would be signed shortly.
A letter of intent outlines the terms and conditions of a deal between two parties and is widely used in business transactions.
In a letter of explanation for your mortgage application, you may need to account for any late payments, collection accounts, judgments or bankruptcies on your the good news is, it doesn't have to be a lengthy document. The core aim of this letter is that it forms an agreement on a topic. This sample letter of intent to purchase is a great example of how to communicate your intentions. If it appears to be a good match, they will request a full proposal.