When an individual or a company gets loan or mortgage loan from a bank or mortgage company, they agree to pay the installments on time every month or twice a year depending on the agreement. But, it is possible that the lender or debtor can’t make the payment on time and when this happens, he has to write a formal application letter to the mortgage company informing them about the financial problem and possible delay in the payment process. The complaint letter to mortgage company for payment problems is used for this purpose and with this letter, the individual or company saves the trouble of being declared defaulter by the mortgage company after not making the payment(s) on time.

Brief description of complaint letter for mortgage payment problems:

It is possible that even if the lender or loaner has signed a formal contract with the mortgage company to make the loan payments on time and within deadlines provided by the mortgage company, there are some issues or financial problems due to which, the loaner can’t make the payments. Most of the time, loaners sense this problem may occur in future so they include the clause in the loan agreement and reserve the right to apply for a concession in such scenario. This letter is a formal way to apply for disclosing the financial problems that a company is having and asking for some kind of compensation or concession in the deadline to make the mortgage loan payments.

Sample Complaint Letter for Mortgage Payment Problems

To: senior manager

ABC Mortgage Company

New York NY 35094

Subject: possible payment problems

Date: 27 January 2015

Dear Sir,

As you can recall that I got mortgage loan from your company 2 years ago and as I agreed on the loan contract, I always made the installments or loan payments on time during this time. I am also willing to keep my end of the deal and make the payments on time but there are some financial problems in the business and I have to pay my partner as he wants to leave the company. When this will happen, you can understand I won’t be able to make the loan payments on time. So I am writing this formal request letter to you to consider my situation and compensate me with delaying the payment schedule.

It’s not sure but I can say that I will make the payment only a month later and if you are willing to give me this concession, I will make the payments with 2% extra. As a business owner, you can understand that there comes some times in the business when we can’t keep our promises and we have to look forward to the other party for some compensation and I am doing the same by writing this letter to you.

I hope you will consider my request and allow me to make the payments after the deadline. If you have anything to say or you want to discuss anything, you can contact me or we can fix a meeting to talk these things.


Nicolas Pitt

Account number: 76-9549374-1937-01-0471


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