Exciting News!!!!
We can now get your loan modification with Chase or EMC approved in 48 to 72 hours...as long as you qualify for the "Fast Track Mod" Call me to see if you qualify for this program. The whole loan modification process is complete in 2 weeks or less.
Also good news on the mortgage side.....Interest rates are still at historical lows! Depending on what you want done (Cash out or Rate/Term Refinance) the rates start at 4.75% to 5.00%
Call today 800-208-4753 or email me at dreyes@refionce.com
Tuesday, August 25, 2009
Monday, August 17, 2009
New Loan Modification Approval!!!
Another client was approved for a modification. Below is the old loans he had with CITI-Residential and the new loan modifications he just received today.
OLD LOANS
6.30% Interest Rate (Adjustable)
$2,399.33 on the 1st Mortgage Payment (Principal and Interest)
$1,161.47 Taxes and Insurance in Los Angeles
12.35% Interest Rate (Fixed)
$1,108.42 on the 2nd Mortgage
$4,669.22 Total Mortgage Payment
NEW MODIFIED LOANS
2% Interest Rate (Fixed for 5 years) then goes up 1% every year for the lifetime cap of 6% fixed. The terms are the same for the 1st and 2nd mortgages.
Payments are as follows:
Since this modification was approved today I will post the Letter from the lender as soon as the client receives it. Please be aware that this modification did take 5 1/2 months to complete. I just wanted to give you the some details of another finalized modification and how you should never give up. This customer here was turned down TWICE before.
Feel free to give me a call at anytime. 800-208-4753 or refionce@gmail.com
OLD LOANS
6.30% Interest Rate (Adjustable)
$2,399.33 on the 1st Mortgage Payment (Principal and Interest)
$1,161.47 Taxes and Insurance in Los Angeles
12.35% Interest Rate (Fixed)
$1,108.42 on the 2nd Mortgage
$4,669.22 Total Mortgage Payment
NEW MODIFIED LOANS
2% Interest Rate (Fixed for 5 years) then goes up 1% every year for the lifetime cap of 6% fixed. The terms are the same for the 1st and 2nd mortgages.
Payments are as follows:
$2050.49 Principal and Interest on the 1st Mortgage that includes the taxes and insurance $451.96 Principal and Interest on the 2nd Mortgage. The customer is now saving $2,166.77 a month. For the First 5 years he will be saving a total $130,006.20 |
Feel free to give me a call at anytime. 800-208-4753 or refionce@gmail.com
Friday, August 14, 2009
Only 9% of homeowners getting help!!
The Obama administration's first progress report on its foreclosure prevention plan confirms it is off to a slow start. Read more.....
http://money.cnn.com/2009/08/04/news/economy/Obama_mortgage_modification/?postversion=2009080508
Feel free to email me refionce@gmail.com or call me at 800-208-4753 with any questions you may have at anytime!!!
http://money.cnn.com/2009/08/04/news/economy/Obama_mortgage_modification/?postversion=2009080508
Feel free to email me refionce@gmail.com or call me at 800-208-4753 with any questions you may have at anytime!!!
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