A home loan modification request letter that has been well-planned has a better chance of getting approval than a long-winded letter full of useless information that is difficult to read. Here is a sample of a loan modification request letter:
Home Loan Modification Request Letter Sample
Name of Lending Institution
Loss Mitigation Department
Name of Person
To: Name of Person
Re: Home Loan Modification Request with Loan Number
Due to recent, serious changes in my health, I have lost income, which is the reason I am behind in making my mortgage payments. The financial situation of my family has deteriorated to the point where it has become difficult to maintain living expenses.
My wife has gotten a part-time job, and we would be able to continue making payments if they were smaller. We want to keep our home and fully intend to pay the mortgage, but we would like to renegotiate the terms of the home loan to avoid foreclosure and hope that you can help make this possible. If we could have a reduced interest rate, we would be able to afford the new payments.
I would be happy to discuss the situation with you at your earliest convenience and try to find a solution. Enclose please find doctor’s records concerning my disability as well as financial statements that demonstrate our reduced financial position. Please call me at any time at 555 123 4567 or send an email to firstname.lastname@example.org.
Thank you for your time and consideration.
List of enclosures
By Andre Bradley