Many frustrated homeowners that have hit a brick wall of resistance trying to get a loan modification may have a second chance to get the lower mortgage payment they need to avoid foreclosure. The Obama “Making Home Affordable” modification program requires participating lenders to review every application from homeowners who request that they be considered for the plan. Most banks are in the process of reviewing their loans for eligibility. If you are interested in learning how to pre-qualify for this plan, here is some valuable information.