This client received a significant interest rate reduction from 6.15% to 2%.
Not only was this client able to keep his home, but thanks to our loss mitigation department, he is now saving over $2,000 on his monthly payments.
After 3 long years of foreclosure litigation, we were able to save this client’s home and obtain a great loan modification for her.
Our Client’ monthly payments were reduced from $1,055.22 without taxes and insurance to $772.45 including all escrow items. The interest rate was also reduced to 2% from 6.75%.
Our Client received an amazing $149,972.02 principal reduction, and a reduction in the monthly payment from $2,690.84 to $1563.41. The interest rate also was reduced from $5.88% to 2%.