Idaho Completing Stipulated Modification Order is an agreement between a lender and a borrower that outlines the terms and conditions of an existing loan modification. The lender and the borrower agree to modify the existing loan terms in order to make the loan more affordable for the borrower. The modification may include changes to the interest rate, payment amounts, or other terms of the loan. The modification order is then finalized and signed by both parties. Types of Idaho Completing Stipulated Modification Order include: • Principal Reduction Modification: This type of modification reduces the principal amount of the loan, allowing the borrower to pay off the loan faster and more affordably. • Interest Rate Modification: This type of modification lowers the interest rate of the loan, making the loan more affordable for the borrower. • Payment Plan Modification: This type of modification allows the borrower to make smaller payments over a longer period of time, making the loan more affordable for the borrower.