Name of Bank/company
Loan No.1234 – Loan Modification
To Whom It May Concern,
I am writing this letter to explain my unfortunate set of circumstances that have caused us to become delinquent on our mortgage. We would like to work with you to modify our loan. Our priority is to keep our home and I am certain making an adjustment to our loan as a result of our unfortunate circumstances will be mutually beneficial.
The reason we have fallen behind on our mortgage is
My current income details:$50000
My monthly expenses details:$35000
The debt income ratio: 0.7
A Loan modification would benefit us both. We are hoping to work together to decrease the delinquent amount, reduce the payment offer us the chance to keep our word to your company.
We look forward to working with you, please send all relevant information.