There are lots of people in America today worried about losing their home and might be looking into possible foreclosure.
Someone might have lost their job or was in the hospital.
Whatever the reason is, it's caused you to get into debt and you're struggling to recover.
When you find yourself in this situation the most important thing is not to give up because there is help.
Thanks to President Obama and the Treasure Department, they have come up with a mortgage modification that will help people stay in their homes.
Many people are nervous about applying for loans but the loan will be around a plan that is just right for you and if you get late charges, the bank might wavier them so you won't have to worry.
This loan will help get you out of debt and possibly clear up your credit.
You won't have to pay for years on your mortgage, some have up to 40 years before they must pay.
Your mortgage will also be reduced around 2% depending on your situation.
If you have questions about this, it's best getting a qualified organization to help you.
They will answer any of your questions and won't charge you anything for it.
Getting your mortgage reduced will help you out in so many ways.
You can pay off your bills and might even be able to save some in your savings account.
You can get up to $5,000 dollars in credit if you pay your loan off in time and that's another reason why you should save your money when you can.