Explains why you’re having trouble paying your mortgage.
You may be asked to provide this information if you can’t pay your loan because of:
- Illness
- Job loss
- Reduced income
- Overextended credit usage
The letter should also explain:
- Steps you’ve taken to avoid defaulting on your loan, such as cutting expenses or using savings
- The relief you’re requesting, such as a lower interest rate or reduced principal amount
Tips for a smoother application process
- Make sure documents are clear and legible.
- Don't alter any pages (no strikethroughs, cross-outs, etc.).
- Send all pages, even the blank ones.
