Homeowners today are struggling paying their monthly mortgage payments due to financial hardships and are wondering “if they can get their late payments and fees included into the loan modification?”

Yes! In most modifications you lender will include your late mortgage payments along with the late fees that occurred as well.

Make sure that your lender is aware that this is your intention. Request when first applying that the deliquent payments be added to the back of the loan.

Usually a loan modification will help you bring your payments current and many times lower your monthly payment or interest rate as well. By lowering your payment the chances are you will not really see the affect of the higher balance because your monthly payments have dropped a significant amount.

It will take some time to complete a loan modification so please be well prepared to have patience. Your lenders are less likely to work with you if you are pushy and rude to them on the phone while trying to negotiate a loan modification. Remember the lender is the one helping you with your financial struggles and are not required to give you a modification.

With that said, a loan modification is the best way to bring your account current and get rid of all the missed payments and late fees that have slowly been adding up.

Moe Bedard
My name is Maurice "Moe" Bedard. I am the founder of America's #1 Mortgage Forum, LoanSafe.org. My online work has been featured in the New York Times, LA Times, Fox Business, and many other media publications.