Mortgage Letter of Explanation for Late Payments

By | January 7, 2015

If you have been late in paying off your mortgage, it is time to write a letter of explanation to the lender. Falling back on your payments is quite a distressing thing to go through but you can make amends (somewhat) if you bother to explain why this has happened. After all, the organization that has issued you a mortgage loan, deserves to know why the loan installments aren’t being paid back.

A letter of explanation is a simple document that includes your reason for sending in late mortgage payments and an apology. You may also want to write how you intend to make up for the late or failed payments – depending on your situation, you can suggest a payback plan that suits you and the mortgage company.

The first thing you need to do when writing a mortgage letter of explanation for late payments is to explain the history of the problem. Once this is out of the way, you can go on to describe what steps you have taken to make sure it does not happen again. Explaining a pattern that suggests improved financial health is a good way of getting your point across and not succumbing to scorn from the other end.

Look at the sample below for reference:

Mortgage Letter of Explanation for Late Payments

January 7, 2015

Mr. Lucas Andrews
Mortgage Officer
Capital Mortgage
77 Set Point Road
Humble, TX 71812


Dear Mr. Andrews:

The purpose of this letter is to explain why I have been sending my mortgage payment check late every month. On July 15, 2014, I was in an unfortunate road accident in which I temporarily lost use of both my legs. The hospital stay was quite heavy on my pocket as my insurance does not cover surgical charges and these expenses have made a great hole in my budget for the next year.

After three months of physical therapy, I am now able to report back to work on a full time basis. Until, now, I was working from home, on reduced hours and pay. I apologize for not being able to send in my payments in a timely manner but my circumstances were unavoidable and I had not expected to be working on half my salary for six months.

Since I am now back to work on a full time basis, I intend to make up for the late payments by sending in two checks every month – one amounting to the full payment of that month and the other bearing half the amount of the previous months. This way, I will be able to cover up the late payment amount within a few months. I hope this is acceptable to you. If this solution is not within the policies of the company, please suggest another way in which this can be made possible.

Thank you for understanding my predicament. I look forward to receiving a positive reply from you.



Penelope Cruz
Mortgage # UIPZ 891444
cruz @ email . com