Mortgage Modification Form Template for Australia

1. Payment Plan Modification: Used when the modification involves changes to payment schedules or amounts

2. Interest Rate Adjustment: Required when the modification includes changes to the interest rate structure

3. Security Property Changes: Included when there are changes to the secured property or additional security is being added

4. Borrower Addition/Removal: Used when adding or removing borrowers from the mortgage

5. Hardship Provisions: Included when the modification is due to financial hardship

6. Guarantor Consent: Required when the original mortgage includes guarantors who must consent to the modification

1. Schedule A - Modified Payment Terms: Detailed breakdown of new payment terms, including amounts, frequencies, and dates

2. Schedule B - Financial Statement: Current financial position of the borrower(s) including income, expenses, assets, and liabilities

3. Schedule C - Property Valuation: Current valuation of the secured property (if relevant to the modification)

4. Appendix 1 - Supporting Documents: List of required supporting documentation such as pay slips, bank statements, or hardship evidence

5. Appendix 2 - Regulatory Disclosures: Required disclosures under National Consumer Credit Protection Act and other relevant legislation