Are you a homeowner who is having trouble making your mortgage payments? Would you like to avoid foreclosure and stay in your home? If so, loan modification is a viable solution that should be explored. This process is the renegotiation of your mortgage loan in order to change the terms of your loan and enable you to afford monthly payment and avoid foreclosure. Some typical options are lowering your interest rate and extending the term of the loan. However, loan modification is only available to homeowners whose lender are willing to work with them based on hardships or financial issues that have ensued for said owners. This means that if you have experienced a loss of employment, death of a spouse, disability expenses, or sharply rising everyday expenses, the mortgage company would likely be willing to renegotiate the terms of your loan in order to keep you on track and help both parties avoid the foreclosure process. Do you think loan modification could be an option for you and your mortgage? If so, do not hesitate to contact Pak & Moring to discuss your situation, and see if their experienced firm can help you through this process.