Loan Modification

Published by Residios · Editorial standards

Publication date not recorded · Updated October 30, 2026

Named author and professional reviewer: not confirmed. Updated dates are site records, not evidence of an attorney or tax review.

A permanent change to loan terms, rate, term, or balance, to make payments sustainable going forward. A key tool for keeping a house.

A loan modification is different from forbearance (temporary relief) and reinstatement (bringing current). A modification permanently restructures the loan. Only your servicer can grant a modification, no third party can "pre-approve" you or guarantee one. The place to pursue it is your servicer's loss-mitigation department.