The current administration is trying hard to save home owners from going to short sale or foreclosure.

Recently, President Obama has passed a law to help home owners with loan modification program.

According to the program, if you have a house whose value has gone down and your interest rate is too high, you can request your lender to modify your loan program.

What is incredible about the program is they will adjust you late to somewhere around 2.5% at the current market value of the house.

What it means is if you have a mortgage that is $500,000 and the current market value of your home is only around $300,000, the lender will drop your principle to the $300,000 level at the rate of 2.5%, making it a lot more affordable to lots of people who have some serious financial issues.

Loan modification program is a very attractive alternative to short sale and foreclosure, enable you to keep your house with a lot lower monthly mortgage paymet.  The rate is permanant and your credit will not suffer, either.

Call me for more information.

(703) 362-9913

E-mail:  callkay4home@yahoo.com