<human>: So I'll try to make this short. I had a good job with the phone company as a phone tech (company name starts with a V) and in 2011 I bought my first house. little three bedroom ranch. Corner lot. Things were going well. Not very long after, the company closes the department and lays 336 of us in the state off. So I'm collecting unemployment and my wife (fiance at the time) was working as a hair stylist and barely making any money. I was making more on unemployment than she was in comission. Anywho, neither was enough to pay the mortgage and I couldn't find work in my area that paid me more than unemployment (550 a week). So months go by and I cash out my 401 to keep the house and so on. A few random jobs in between and now I have a decent job with lots of overtime and my wife is making a Lil more money doing hair. I still can't catch up on those payments I've missed. It was about 6 grand they wanted to make the account current.

 So I called my mortgage company like two weeks ago and they set up a modified payment plan for me. I don't quite understand all the exact details but they said I will have 3 payments the next three months that are about 100 bucks less that my original payments. Once I've paid these, my 30 year mortgage a will start over and they will calculate a new payment for me based on 3.75 interest rate (originally4.75). And that 6 grand will just be put on the back end of my mortgage.  My question is if this is real bad for me. It sounds crazy to me that my mortgage will start over from day one and the payments that I did make in the beginning there were pretty much for nothing?

Can you give me the gist of the text in a nutshell?
<bot>: missed mortgage payments,  mortgage company makes modified payment plan and restarts my 30 year mortgage to make up for missed payments. How bad is that?