A loan modification is a process where the terms of an existing loan agreement are modified or adjusted by the lender to make the repayment more manageable for the borrower. This adjustment could involve changes to the interest rate, the loan duration, or other loan terms.

Loan modifications can help borrowers in several ways:

Lowering Monthly Payments: One of the most common reasons for seeking a loan modification is to reduce monthly payments. This can be achieved by extending the loan term, which spreads out the payments over a longer period, or by lowering the interest rate.

Avoiding Foreclosure: For homeowners facing financial difficulties and the risk of foreclosure, a loan modification can provide an alternative solution. By renegotiating the terms of the mortgage, borrowers may be able to avoid foreclosure and stay in their homes.

Reducing Interest Rates: If interest rates have decreased since you took out your loan, a modification can allow you to take advantage of lower rates, resulting in savings over the life of the loan.

Changing Loan Type: In some cases, borrowers may be able to switch from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage through a loan modification. This can provide stability in monthly payments, which can be beneficial for budgeting purposes.

Catching Up on Missed Payments: If you've fallen behind on your payments, a loan modification can provide an opportunity to catch up by adding the missed payments to the loan balance and re-amortizing the loan.

Avoiding Default: By modifying the terms of the loan to make it more affordable, borrowers are less likely to default on their loans, which can have serious consequences for their credit score and financial stability.

Overall, a loan modification can provide much-needed relief for borrowers who are struggling to meet their loan obligations due to financial hardships. 

In a sale-leaseback, you would sell your home to an investor or buyer and then lease it back from them, allowing you to remain in the property as a tenant. This arrangement can provide you with immediate funds from the sale while allowing you to maintain residency in your home.

Equity capture refers to the process of acquiring or realizing the difference between the current market value of a property and the total amount of debt or financing against that property. 

The timeline for obtaining a cash advance from selling your home can vary depending on several factors, including the current market conditions, the speed of the real estate market in your area, and the specific terms negotiated with the buyer or investor.

In general, if you sell your home through a traditional real estate transaction, it typically takes around 30 to 45 days to close the sale and receive the proceeds. However, if you're looking for a faster option, such as selling to a real estate investor or through a quick cash sale, you may be able to expedite the process significantly.