Home Loan Modification

Today we are facing a difficult time due to the economic crisis, and we have still more responsibilities left including mortgages payment which is not inexpensive today. Apparently, it is our most priority to avoid losing shelter or foreclosure. My hubby and I are still paying monthly mortgage and this is very stressful for us because of the high interest rate and we always worried about it. I amazed to hear this Home Loan Modification. Loan modification is a way to alter your current loan terms in order to lower your monthly payment, my hubby has been planning about this before and I think this would the great solution of our problem to deprive from high monthly payment. It would be useful for us to escape from very stressful high interest rate payment that we pay every month, the Loan Modification helps to keep our home and prevent the foreclosure, this could lower the interest rate.