Loan modification help will be converted into a permanent status only if the home affordable refinance program applicant meets certain eligibility criteria and then follows set rules and guidelines. The mortgage loan availed by many home owners needs to be paid off within a certain period of time but at times due to complications in ones financial scenario the mortgage loan cannot be repaid as smoothly as is possible if everything was fine at the financial end. The federal loan modification program introduced by the Obama administration aimed at pulling out those people from the burden of debt and helping them pay off the entire mortgage.

Mortgage modification cannot be easily secured as is normal mortgage loans. One needs to meet eligibility criteria to ensure that the lenders approve the home affordable modification program application. The home affordable modification program if approved by the lenders will get its final nod after the 3 months trial period or probation period is over. The person who has taken loan modification help has done it with a purpose, to make the mortgage loan affordable for himself, and so in order to confirm the loan modification help the mortgage holder should make sure that he makes all the payments on time on a monthly basis. The make home affordable program applicant has to ensure that he pays the amount on time for a period of three months so that once the probation period ends, a permanent home affordable modification program agreement is signed between the mortgage holder and the mortgage modification lender.

However, the question is 'Is the permanent mortgage modification status been updated after the 3 months trial period?' A final agreement between the home affordable modification program applicants and the federal loan modification lenders is taking a lot of time to become permanent and thus, this is creating problems for the home owners. The biggest problem facing the home owners is that without a permanent solution to the making home affordable program agreement the risk of losing their homes to foreclosure still remains possible and so the sooner the mortgage modification help is made permanent for the home owners the better it is for them. The reasons why lenders do not offer a permanent status to the home owners even after 3 months is lack of relevant documentation submitted by the home owners, lost or outdated documentation, untrained lenders etc. When something goes wrong even after the 3 months trial period home owners should follow certain steps:

• Submit all the relevant documents to the mortgage lender.

• Get in touch with a free HUD approved housing counselor or an attorney specializing in foreclosure proceedings.

Apart from federal loan modification program there are many other programs available for home owners like the home affordable refinance program. The home affordable refinance program is another effective method of avoiding foreclosure proceedings by taking a new mortgage loan to pay off the lenders. Equity in the home is an important factor along with making payments on time to qualify for the making home affordable refinance program.