To Whom This May Concern:

I am writing to explain the series of unfortunate events and situations that have causes me to fall behind on my mortgage payments. Though I have made cutbacks, I am unable to keep up with the current payments. Thus, I am asking [Lender Name] to modify my home loan. My focus is to keep my home and to repay my loan. Modifying my loan's rates and term will help me accomplish both of these goals.

I fell behind on my mortgage payments when [Insert the reasons here - be concise and clear so the reader understands the root of the issue.] Once I fell behind, it seemed more and more difficult to catch up. Thus, with late fees and interest, I have fallen even further behind. Because of this, I am unable to keep up with my current payments and make up past ones.

Despite [Insert financial cutbacks you made and/or alternate solutions you tried: This shows the lender that you have tried to find a solution on your own.], I have not been able to catch up. I want nothing more than to repay this mortgage. To accomplish this, I will need help.

A loan modification will help me pay back this home loan. My financial situation has improved so that I can make consistent payments. A lower payment would help me keep my home and also pay back what I owe to your organization.

I truly hope you will consider working with me to settle this matter. I am anxious to collaborate with you so that we can create a modified loan agreement. Thank you for your time.

Sincerely,

[Signature]

[Your Name]