Obama loan modification help, loan rate modification there what a severe cause on the owners of home in America due to current downturn. Because rate of the fear of debt people exclude their housing loans with a remarkable. As a result the cost of nearby areas home goes down by approximately 9 percent. This subsidiary does effect on the market price of the house. People mainly get more on their in-house loan contrast to the actual market cost of the house. Only the one at the top level is aware of this crisis. Hence the President Obama’s America respond to this national crisis in resourceful as well as timely. President Obama loan modification help and his management team have agreed to save house owners from suffering. They plan have declared February 2009 and what put into act on March 2009 a month soon after. For getting mortgage loan refinancing it is required that the owner must has 20% equity in his home. Because of the sudden decrease in the cost of property many owners consist of fewer shares than this and as a result incapable to obtain refinance. Consequently the loan rate modification makes the refinancing simple and easy way find that owners can pay monthly payments at affordable and keeps away from any foreclosure. More than 5 million homeowners keep their home with this pioneering plan. Or for modifying the mortgage changing loan management has put down specific customs and rules. Incentives are given to the mortgage to make modified loans easy monthly that would reduce the burden on the concerned home owner. Home mortgage loan modification can be considered as a good opportunity for both home owner and mortgage lender. Owners will have to go through certain changes while taking home affordable modification program application on their current house mortgages. The Council of interest on loan decreases such that owner does not make money more than 38% of his big monthly income from monthly payment on the loan. Mortgage of calendar are further annoyed to decrease rate of interest. If the calendar are able to decrease this rate then they would be rewarded with the similar amount by the homeowner stability plan. Even the monthly loan payment can be increased by say 50% of his of big monthly earnings when the person undergo bad credit or place out of his job suddenly. The homeowner can save a lot if he talents his home in the Obama home loan modification plan.