Mortgage Authorization Letter
If you want to allow a third party to make a mortgage transaction on your behalf, you can use this Mortgage Authorization Letter to complete your application.
[Applicant’s Name]
[City, State and Zip Code]
[Mobile Number]
[Email Address]
[Application Date]
[Recipient’s Name]
[Bank’s Name]
[City, State and Zip Code]
[Email Address]
Dear [Executive Director’s Name],
I have written to authorize [Third Party's Name] to undertake the mortgage application and repayment plan agreements on my behalf. I had applied for a [Amount] mortgage and was to be repaid in [Duration] under an [Percentage] interest rate.
Owing to financial difficulties, I would like to assign [Third Party’s Name] control over the repayments. These are my business associates, and I have agreed to this authorization. There won't be any repayment challenges going forward. For any clarifications, reach out to me through [Mobile Number].
Sincerely,
[Sender’s Signature]
[Sender’s Name]