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However, further extending terms and reducing interest rates is an option once the new programme has been successfully reviewed.
That may be restructuring debt, extending terms, converting debt to equity, or creating a joint venture with lender and borrower.
A modification to make payments more manageable could include extending terms, reducing the rate, or suspending payments for 90 days.
A year ago, more people were refinancing mortgages mainly to gain more cash, by extending terms or loan amounts, thus increasing their personal debt.
The five opposition parties demanded another election, saying there were widespread irregularities in the vote for local councils and a referendum on extending terms for the president and members of Parliament.
Chris Adams (@chrisadamsmkts) By holding Greek bonds longer, ECB would be extending terms of repayment - effectively admitting loss and granting easier repayment terms September 11 , 20123.46pm BST More from Portugal's Vitor Gaspar.
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The Mayor's bill proposed extending term limits by four years.
The two sparred again in the debate over extending term limits.
The proposal precludes the City Council from extending term limits for incumbent city officials.
Mr. Bloomberg has been a firm and consistent opponent of extending term limits for local elected officials, including himself.
The lawsuit asks, in essence, that the courts to prevent the law extending term limits from going into effect.
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