Banks are facing a high number of foreclosures that they cannot handle. Loan modification can help homeowners save their homes by reducing their monthly payments through lowering interest rates and loan balances, which ends up being less costly for banks than foreclosing. Using loan modification, Choice Loan Consulting achieves a 35-50% payment reduction on average and has successfully modified 100% of cases. Loan modification is an alternative to foreclosure that benefits both homeowners and banks.