Are you a homeowner looking for sample mortgage modification letters to base your own hardship letter off of? Trust me, you're not alone. It seems like there are things you should and shouldn't do on your modification letter and if you mess up with even one part, you're whole application is out the window. I've created a sample Obama Mortgage Help letter for you to look at and see how it's done. You can't risk not having your loan modification application approved just because of a letter.
Every homeowner has their own story of how they came to not be able to afford their mortgage payments. The one below is based around a rate increase, but you may have an entirely different circumstance. No matter the reason you can't make your payments, you need to be as clear as possible on the reasons why.
Sample Mortgage Modification Letter
Account Number:
Name: (The one the loan is under, and maybe your own depending on circumstances.)
Address:
Phone Number:
Email:
'Dear Sir or Madam' or 'To Whom It May Concern':
(State why you are sending them the letter.) I have sent this letter to support our application for a loan modification with your institution. Our new rate has made it extremely difficult for us to afford our monthly payments. My husband and I had some difficulty making our payments before, but now it is nearly impossible. Our interest rate increased from a manageable 7.85% to an impossible 9.65% in November 2008. Such a "small" increase has made such a huge impact on the amount you ask from us that we just don't know what to do.
When you decide it is the right time to pursue refinancing or mortgage modification with Chase, make sure to properly and accurately fill out all of the forms. Do not just put some information down and hope that you will get approved. This is a big key in successfully getting approved for a mortgage refinancing or modification with Chase.
Your goal should be to achieve an affordable payment with your mortgage modification program. Anyone assisting you with the process has the goal to keep your payments lower and your family away from the whole foreclosure process.
Every homeowner has their own story of how they came to not be able to afford their mortgage payments. The one below is based around a rate increase, but you may have an entirely different circumstance. No matter the reason you can't make your payments, you need to be as clear as possible on the reasons why.
Sample Mortgage Modification Letter
Account Number:
Name: (The one the loan is under, and maybe your own depending on circumstances.)
Address:
Phone Number:
Email:
'Dear Sir or Madam' or 'To Whom It May Concern':
(State why you are sending them the letter.) I have sent this letter to support our application for a loan modification with your institution. Our new rate has made it extremely difficult for us to afford our monthly payments. My husband and I had some difficulty making our payments before, but now it is nearly impossible. Our interest rate increased from a manageable 7.85% to an impossible 9.65% in November 2008. Such a "small" increase has made such a huge impact on the amount you ask from us that we just don't know what to do.
When you decide it is the right time to pursue refinancing or mortgage modification with Chase, make sure to properly and accurately fill out all of the forms. Do not just put some information down and hope that you will get approved. This is a big key in successfully getting approved for a mortgage refinancing or modification with Chase.
Your goal should be to achieve an affordable payment with your mortgage modification program. Anyone assisting you with the process has the goal to keep your payments lower and your family away from the whole foreclosure process.
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