I’m not facing foreclosure, but can I modify my home loan (principle reduction)? Details below:?

We aren’t late on our payments, and we can afford to pay the high mortgage for now. But I’m wondering, can I modify my loan and reduce my principle if we owe almost double what it’s worth? We bought for 395K and two other homes on our street-same model- went for 250K or less. We owe about 295K on it.

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