[Sample] Letter to Reschedule Loan Payments

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Learn how to write a letter to reschedule loan payments. Use our sample letters to reschedule loan payments as templates for your loan modification request letter. 

Sample Letter To Reschedule Mortgage Payments

[Name of Borrower]
[Address of Borrower]
[City, State, Zip Code]


[Name of Loan Officer]
[Name of Lending Institution]
[Address of Lending Institution]
[City, State, Zip Code]

Re: Restructuring of Mortgage – [Mortgage Number]

Dear [Name of Loan Officer]:

This letter is a formal request for restructuring of my mortgage. I have fallen behind in payments for the last three months because my wife, Name of Wife, lost her job, which reduced our total income by half. I made the last payment on [DATE]. 

I sincerely want to keep my home and make regular payments, but, at this time, require some restructuring in the terms of the loan.

I request that the monthly payments be reduced and the delinquent payments be forgiven or recapitalized, so I can catch up and prevent delinquency in the future.

I would appreciate it if we could work together to find a way to normalize my mortgage payments.

I fully intend to pay my debt, but need some help until my wife finds another job and our financial situation stabilizes again. She currently has two possible job offers, and will know the results next month.

I apologize for getting behind in my payments, but, as you can see, it was out of my control.

I can be reached at [Phone Number] or at [Email Address] if you have any further questions. I hope we can meet soon to agree on the terms of a loan modification.

[Signature of Borrower]
[Printed name of Borrower]

Sample Letter To Reschedule Car Loan Payments

[Name of Borrower]
[Address of Borrower]
[City, State, Zip Code]


[Name of Lender]
[Name of Lending Institution if Applicable]
[Address of Lender or Institution]
[City, State, Zip Code]

Re: Restructuring of Car Loan – [Loan Number]

The aim of this letter is to reduce my car loan payments from [AMOUNT] to [AMOUNT] for the next six months.

When I got the loan, my income was [AMOUNT], but because of an illness, I lost my part-time job, so my income is only [AMOUNT] today. I have enclosed my medical report that clearly shows I was hospitalized for four days.

I am fully recovered from my illness and plan to get another part-time job to supplement the income from my work-at-home job. For the past two months, I have used my savings to maintain my car loan payments, but my savings account is almost empty.

I believe I can continue to make full payments in about six months starting on [DATE] if I can have some reduction in the amount I pay during that time.

I request to reduce my payment by [$150] from [$400] per month to [$250] per month for six months starting on [DATE] and ending on [DATE]. As of [DATE], I will continue to pay the full [$400] per month.

Thank you for considering my request. I can be reached at [Phone Number] or at [Email Address] if you have any questions or require any more documentation.


[Signature of Borrower]
[Printed Name of Borrower]
List of Enclosures: Medical report

Sample Letter To Restructuring of mortgage loan

Name of Lending Institution 
Loss Mitigation Department
Name of Person
Mailing Address


To: Name of Person 

Re: Restructuring of Mortgage Loan – Loan Number

Due to recent, serious changes in my health, I have lost income, which is the reason I am behind in making my mortgage payments. 

We want to keep our home and fully intend to pay the mortgage, but we would like to renegotiate the terms of the home loan to avoid foreclosure and hope that you can help make this possible. 

I would be happy to discuss the situation with you at your earliest convenience and try to find a solution. Enclose please find doctor’s records concerning my disability as well as financial statements that demonstrate our reduced financial position. 

Please call me at any time at 555 123 4567 or send an email to name@email.com.


[Signature of Borrower]
[Printed Name of Borrower]
List of Enclosures

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A mortgage hardship letter is a formal way to request a modification to a mortgage loanThis letter is the place where the borrower can express his or her financial troubles in personal terms to have the best chance to stop a foreclosure or receive better terms on an outstanding loan.