Loan Modification

Success Stories

Before Modification                      After Modification

                                                         Example #1

Balance = $275,000.00                                                        Balance = $275,000.00

Interest rate = 8.41% (Adj.)                                                  Interest rate = 4.50% (F.R.)

Loan term = 30 years                                                            Loan term = 40 years

Monthly payment = $2,096.99                                            Monthly payment = $1,236.30

                                             Example #2

Balance = $675,000.00                                                       Balance = $675,000.00

Interest rate = 7.875% (Adj.)                                               Interest rate = 6.00% (F.R.)

Loan term = 30 years                                                           Loan term = 30 years

Monthly payment = $4,894.22                                           Monthly payment = $4,046.97

                                                                                               (With I/O option for 5 years)

                                            Example #3

Balance = $165,000.00                                                        Balance = $165,000.00

Interest rate = 8.125% (Adj.)                                                Interest rate = 5.875% (F.R.)

Loan term = 20 years                                                           Loan term = 30 years

Monthly payment = $1,392.99                                            Monthly payment = $976.04

 (Client received 6 month abatement w/ zero payment for first six months of modification.)

Note: These are examples only and do not reflect any projection of what any one individual modification may be.  This represents no warranty or guarantee of results.