Denied on HAMP Loan Modification Program? Tips on Home Affordable Loan Modification Plan

If you have been denied on HAMP loan modification program then you are reading the right thing. HAMP (Home Affordable Mortgage Plan) by federal government is an effort to convert the existing mortgage tenure so that it can become affordable for the homeowners. Nowadays economic crunch is such that it is becoming difficult to repay the existing loans that are actually at an inclined rate. This home loan plan has been especially designed for people who have their mortgages approved by FHA. You can now get your home loans revised if they are backed by FHA, which means that your lender is an approved FHA lender.