By using loan modification, foreclosure can sometimes be avoided by homeowners. When facing foreclosure, homeowners can utilize loan modification to make their mortgages more affordable, thereby making it possible to overcome foreclosure. Through loan modification, the terms of the original contract are changed, based on the financial difficulties shown by the owner. In most situations, loan modification is only used when a person is in danger of foreclosure, as that may be a qualifying factor for some programs. In the end, the mortgagor should be fit with a much more affordable pan, not necessarily in the long run, but definitely on a short term basis. This can be accomplished by lengthening the schedule, lowering interest rates, or otherwise making the payment lower to fit the mortgagor's needs.