Dear Sir/Madam,

We are writing this letter because we have no other choice, as we have exhausted all options due to an extreme financial hardship, which is the direct result of our mortgage interest rate jump from 5.125% to a variable rate of to 8.625% in July of 2008. Since this adjustment our monthly mortgage payment has gone up by over $570. Our current income cannot sustain such an increase, which, simply put, is about to ruin us financially.

Since the rate increase, both my wife and I have taken second jobs to help us stay afloat and do absolutely necessary home repairs. However, gas and heat prices have become extremely high, practically negating our efforts. Also, we have $2,500 yearly deductible on our health insurance and no dental coverage, so after few much needed medical visits and emergency dental work on two occasions, our credit cards are maxed out with a balance of over $11,000.

We have been trying very hard to make ends meet but we have fallen short and would like you to consider working with us to modify our loan. We want to keep our home and we would really appreciate the opportunity to do that. We have every desire of retaining our home and paying what is owed to Wells Fargo, but at this time we have exhausted all of our income and resources so we are asking you for help.

Our cash flow has improved since as noted above, my wife and I have been working two jobs to increase income and ensure financial stability and growth, and we are confident that a rate modification would benefit us greatly. We would appreciate if you can lower our interest rate, if not back to the original 5.125%, then at the very least, to the rate no higher than 6.00%, which would make our mortgage payments affordable, while we can also satisfy the rest of our debts.

Additionally, we would like to state that the alternative will be rather unpleasant for Wells Fargo as well. The value of our home is roughly $45,000 below the mortgage we owe on it. However we love our house and want to keep it.

Attached is all of the information you need -
- 1 month worth of most recent pay stubs from all the jobs we currently hold
- 3 month of most recent bank statements
- 2007 and 2006 W-2 forms

We also attached our credit card statements to further illustrate our financial hardship that forced us to write this letter. As you can see the situation is dire indeed. Please take the time to review the information we submitted and consider our request. We want keep our account with Wells Fargo in good standing.