Here is a sample template you can use to write a loan modification hardship letter.
[State, ZIP Code]
[Subject: Loan Modification Hardship Letter]
Dear [Recipients Name],
I am writing this letter as a request to modify my mortgage loan, so it would be easier for me to pay off my mortgage now that I am experiencing financial hardship.
It all started on [Date] when I [Lost my job/Had an injury], which significantly impacted my monthly income. Previously, my monthly income was $, and my mortgage payment was $ per month. Now with the recent events, my monthly income is $, which is % of my mortgage payment. So, I would like to ask for you to lower my mortgage so I would be able to pay off my debt.
If you have any further questions, don’t hesitate to ask. I will be waiting patiently for your reply.
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