WOW THAT'S ALL I CAN SAY! This is by far one of the best modification approvals I have seen! Feel free to give me a call at anytime 800-208-4753 Office or dreyes@refionce.com
OLD LOAN TERMS
$548,500.00 LOAN AMOUNT
8.725% INTEREST RATE
6 MONTHS DELINQUENT
$3,988.05 PRINCIPAL AND INTEREST
$988.90 TAXES AND INSURANCE
$4,976.95 TOTAL PAYMENT (PRINCIPAL, INTEREST, TAXES, INSURANCE)
NEW LOAN TERMS
$398,177.08 NEW MODIFIED PRINCIPAL BALANCE
5.04$ INTEREST RATE
THE BANK IS SETTING THE ACCOUNT TO CURRENT FORGIVING ALL LATE PMTS. AND LATE FEES!
$2,213.77 NEW PRINCIPAL AND INTEREST PAYMENT
$988.90 TAXES AND INSURANCE
$3,202.67 TOTAL PAYMENT (PRINCIPAL, INTEREST, TAXES, INSURANCE)
TOTAL SAVINGS PER MONTH OF $1,774.28 AND BALANCE REDUCTION OF $150,322.00
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