top of page


Reinstatement page.jpg

Reinstating your mortgage payments is a crucial step to prevent foreclosure and retain ownership of your home. Reinstatement involves bringing your mortgage current by paying the overdue amount along with any associated fees. Here's a guide on how to reinstate your mortgage payments:

1. Assess Your Finances:

Conduct a thorough assessment of your financial situation. Understand the reasons behind the missed payments and determine how much you can afford to pay to bring the mortgage current.

2. Contact Your Lender:

Reach out to your mortgage lender as soon as possible. Open communication is key to finding a resolution. Discuss your financial difficulties, and inquire about the amount needed to reinstate the loan.

3. Understand the Reinstatement Amount:

Obtain a detailed breakdown of the reinstatement amount. This typically includes the overdue payments, late fees, and any other charges incurred during the period of non-payment.

4. Negotiate with the Lender:

Communicate with your lender about your willingness to catch up on payments. Some lenders may be willing to work out a repayment plan or modify the loan terms to make it more manageable for you.

5. Create a Budget:

Develop a realistic budget that allocates funds for your mortgage payment and other essential expenses. This will help you stay on track and avoid falling behind again.

6. Secure the Reinstatement Funds:

Identify the source of funds needed for reinstatement. This could come from savings, a bonus, assistance from family, or other financial resources. Be sure to have the funds available by the agreed-upon deadline.

7. Review Your Loan Agreement:

Review your loan agreement to understand any specific reinstatement procedures outlined by the lender. Some lenders may have specific requirements or procedures that need to be followed.

8. Consider Professional Assistance:

If navigating the reinstatement process becomes challenging, consider seeking professional assistance. A housing counselor, financial advisor, or attorney with expertise in foreclosure prevention can provide guidance and negotiate on your behalf.

9. Document All Communication:

Keep detailed records of all communication with your lender. This includes emails, letters, and notes from phone conversations. Having a clear record of your efforts to reinstate your mortgage can be valuable in case of any disputes.

10. Submit Payment Promptly:

Once you've negotiated the reinstatement amount and secured the necessary funds, submit the payment promptly. Ensure that the payment is received by the agreed-upon deadline to avoid further complications.

11. Confirm Reinstatement:

After making the payment, confirm with your lender that your mortgage is reinstated. Obtain written confirmation if possible.


12. Maintain Consistent Payments:

Going forward, make sure to maintain consistent and timely mortgage payments. If necessary, work with your lender to explore long-term solutions, such as loan modification, to prevent future financial challenges.

Reinstating your mortgage requires proactive communication, financial planning, and a commitment to meeting your obligations. If you encounter difficulties, seek assistance from professionals who specialize in foreclosure prevention. Early action is key to resolving the situation and preserving homeownership.

bottom of page