To see if you are eligible for this program, please go to www.makinghomeaffordable.gov. There, you can use the self-assessment tools to see if you may benefit from this program.
With the Making Home Affordable program, you may qualify to refinance if you have been making your mortgage payments on time but may not be able to refinance due to a decrease in your home's value.
A modification option is available to homeowners who are struggling to make their monthly mortgage payments perhaps due to an interest rate increase.
Remember to contact your lender if you are struggling or go to www.hud.gov. Never give money upfront or sign (sell) your home over to companies claiming they can help you.