Sample Request Letter for Cancellation of Mortgage Application – Mortgage Loan Application Cancellation Letter

Table of Contents:

• Sample Letter
• Live Editing Assistance
• How to Use Live Assistant
• Additional Template Options
• Download Options
• Share via Email
• Share via WhatsApp
• Copy to Clipboard
• Print Letter
• FAQs

Sample Mortgage Loan Application Cancellation Letter

To,
The Manager,
__________ (Name of the bank),
__________ (Address)

Subject: Cancellation of mortgage application

Dear Sir/Madam

I am __________ (your name) and I am a customer of your bank i.e. _________ (Bank name) for the past ______ (months/ years).

On __/__/_____ (date) I applied for a mortgage loan in your bank amounting to __________ (mention amount) for a tenor of __________ (tenor). I apologetically write this to you to request you the cancellation of the above-mentioned application. The reason behind the cancellation is _________ (mention reason).

Kindly consider this a genuine request. I look forward to an immediate response from your side and look forward to hearing back from you at the earliest. You may contact me at _____________ for any query.

Thanking you in advance.

Thanking you,
_______ (signature),
_______ (name),
_______ (contact number)

Live Editing Assistance

Live Preview

How to Use Live Assistant

The Live Assistant feature is represented by a real-time preview functionality. Here’s how to use it:

• Start Typing: Enter your letter content in the "Letter Input" textarea.
• Live Preview: As you type, the content of your letter will be displayed in the "Live Preview" section below the textarea. This feature converts newline characters in the textarea into <br> tags in HTML for better readability.

Additional Template Options

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• Choose a Template: Click one of the template buttons ("Start with Sample Template 1", "Start with Sample Template 2", or "Start with Sample Template 3").
• Auto-Fill Textarea: The chosen template's content will automatically fill the textarea, which you can then modify or use as is.

Download Options

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Share via Email

Click the "Share via Email" button after composing your letter. Your default email client will open a new message window with the subject "Sharing My Draft Letter" and the content of your letter in the body.

Share via WhatsApp

Click the "Share via WhatsApp" button after you've composed your letter. Your default browser will open a new tab prompting you to send the letter as a message to a contact on WhatsApp.

Copy to Clipboard

If you want to copy the text of your letter to the clipboard:

• Copy to Clipboard: Click the "Copy to Clipboard" button after composing your letter.
• Paste Anywhere: You can then paste the copied text anywhere you need, such as into another application or document.

Print Letter

For printing the letter directly from the browser:

• Print Letter: Click the "Print Letter" button after composing your letter.
• Print Preview: A new browser window will open showing your letter formatted for printing.
• Print: Use the print dialog in the browser to complete printing.

FAQs

• Q: Can I cancel my mortgage application at any time?
  • A: Yes, you have the right to cancel your mortgage application at any stage of the process.
• Q: Do I need to provide a reason for canceling my mortgage application?
  • A: While not mandatory, providing a brief reason for cancellation helps the bank understand your circumstances better.
• Q: Will canceling my mortgage application affect my credit score?
  • A: Canceling an application should not directly affect your credit score, but it's best to confirm with your bank.
• Q: How long does it take for the bank to process a cancellation request for a mortgage application?
  • A: The processing time may vary, but banks typically aim to address such requests promptly.
• Q: Is there a fee for canceling a mortgage application?
  • A: Generally, there shouldn't be a fee for canceling a mortgage application, but it's advisable to check with your bank for any specific policies.

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