If you are looking for a way to better understand Obama’s new mortgage program head over to http://www.mortgagereliefonline.com/Default.aspx to see if you are eligible for mortgage relief. This website will tell you if you qualify for a loan modification under the Obama Administration.

On the website borrowers can complete a confidential form and will be able to quickly lean if they qualify for a loan modification or refinance. 

If a borrower qualifies for help they will then be asked to submit contact information.  According to the website they will provide you with the contact information for a money management firm that will provide credit counseling at no cost to homeowners. 

The government has created its own website Makinghomeaffordable.gov, which also will let homeowners know if they are eligible for a loan modification or refinancing.  Their website also has links to free HUD-approved counselors are listed on the government’s site for homeowners to contact.