There are various points at which one would start to look into a loan modification. Experiencing a hardship, such as divorce, job loss, having hours cut back at work, and illness, can create a financial strain on any individual or a whole family. Any form of hardship can lead to a loss of income and therefore, make a monthly mortgage payment a struggle. Borrower's often go to great lengths to be able to make their mortgage payment sometimes, cutting back on other necessities or borrowing money from friends and family. When making a monthly mortgage payment prevents the borrower from meeting other financial responsibilities this is a good indication that a loan modification should be considered as a solution to the financial difficulty.