Letter of explanation "LOE" for mortgage because of Another credit inquiry

We understand that this is a very specific post. But one of our readers had a question on how to approach this situation. Ultimately, what happen was that during the process of taking out a home loan, simultaneously, the reader also took out a student loan. Therefore, if you are ever asked for an LOE (Letter of Explanation), you can use the following template: 

[Today's Date]
Subject: LOE For The New Credit Inquiry - [Address of the home - Last Name of which the loan will be under]
 
To The Recipient Of The Letter-
 
Given rise and pursuant to an [reason for credit inquiry, in this case the major and degree], I took an educational loan to help fund the credits. The [degree] shall lend itself to acquiring the necessary prerequisite credits for the [here you will put the implications to the loan. For instance, if you are obtaining a Masters in Accounting or a JD in law for either a CPA or to take the bar].

The loan, currently in deferment, requires interest payments of [put the minimum payment if you are required to make the interest]. The tenure of the deferment should be for the next [xx] years. 
 
For any more clearance or if you require further attention please do not hesitate to ask. For proof of the attendance or proof of the loan agreement, please do ask.
 
Sincerely, 

 Your Signature

[Your Name]
[Your Contact Information]