Is an adjustable ARM your most regrettable decision in recent years? Do you wish you could workout plans that could give you foreclosure protection? If so, you need to find out about Federal Loan Modifications – the government sponsored program designed to help homeowners recast the terms of their mortgages and save them from foreclosure.

Most of us work on a simple, solid equation in life: Work hard, be responsible, pay your bills, don’t buy what you can’t afford. In there is the basic American belief that it’s best for you, and the world around you, when you own your home instead of renting.

In fact, it’s built into our tax code that the homeowner is given a break for having a mortgage, something a renter never sees. And we all know the stories of parents and grandparents whose homes are worth twice, five and even ten times what they paid for theirs. Your home was supposed to be a piggy bank.

So how did buying a home in the 21st Century turn into a mistake? It was the responsible thing to do. You were told you were a fool to pay your landlord money month after month, never to see that money again. So you saved a down payment, bought, and went to work fixing up that house into the home you would live in for years to come.

Then came the housing crash. And the high unemployment. And then maybe you lost your job, or found costs of ownership were higher than you expected. Foreclosure loomed, and it’s a thought so unpleasant it wakes you up in the middle of the night.

You didn’t act irresponsibly in any of this. You have technical glitch. You need a technical fix.

While not the magic wand that someone waves to take away all your problems, loan modifications are at least the beginning of finding answers. It might be just enough to enable you to save your home — to stay where you are at, give you time to weather the economic storm, to maintain stability in your life and that of your family.

No one benefits if you lose your home to foreclosure. It’s a problem for the banks. It’s a problem for your neighborhood. It’s bad for the economy overall, and certainly, it’s devastating to you and your family.

A new loan/refinance plan may be available to you. It costs nothing to find out – do it today, so maybe you can sleep better tonight.