Q: About a year ago, I obtained a loan modification from WaMu that dropped my interest rate about 1.25 points, turned my adjustable-rate mortgage into a fixed-rate loan, and reduced my monthly payment by about $100 per month. I would like to see if I can get the payment down even further under the stimulus plan. Is there any reason I can’t go back and request a second modification?

A: All loan modification agreements are different, so first things first — read your entire agreement from the modification you got last year to see what, if anything, it says on the matter. It’s rare for one loan modification to expressly prohibit another modification in print; what’s not quite as rare is …

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