Business & Finance mortgage

How to Write a Hardship Letter for Mortgage Modification

By Business & Finance Last updated Saturday, May/18/2024

1). Write your name, address and mortgage account number at the top of the page. Address the letter to "Sir or Madame" if you do not know the name of the person who will receive the letter.
2). Start the letter with your request for a loan modification. Give the total loan amount, the mortgage origination date and the current payment status.
3). Detail your hardship in the next paragraph. Tell the lender if you were unable to make payments due to job loss, illness, divorce, death of a wage-earner, military service, natural disaster or any other reason. State if the hardship is permanent or temporary.
4). Tell the lender about your income and expenses in the third paragraph, detailing how much you are able to pay and how you will be able to afford the modified payment.
5). Write your contact details, including home, office and cellphone number, at the bottom of the letter. Sign and date it.
6). Mail the letter to the lender and wait for a representative to contact you for more information, documentation or to notify you of a decision.

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