If you are currently working with your lender to achieve a loan rate modification, make sure that you agree to something which you can comfortably afford, not something that will leave you in worse shape than you were prior to making the request. Too many families are struggling these days in order to make ends meet. The threat of foreclosure is hard for many to bear. This leaves them with trying to negotiate with their lender. you would think that lenders are tired of taking on more properties which they cannot resell any time soon. However, if it appears that they will not be able to make any money from your mortgage, you might not get the relief that you expect.