- 1). Review your current mortgage balance and payments that are past due. Record the total amount that is past due and that requires a solution for repayment. Calculate the amount you need to get your mortgage loan back on schedule. Use your most recent mortgage statement to formulate your plan. Divide your past due amount by three months to determine an equal sum that you can manually apply toward your next three mortgage payments.
- 2). Communicate your manual repayment strategy with your lender. Inform your lender of your intent to resolve your past due balance. Check with your lender to ensure that monthly amounts which exceed your standard payment will get applied toward the past due balance.
- 3). Send your regular mortgage payment and include the amount needed to manually repay your mortgage arrears.
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