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Monday, August 16, 2010

New Approval!!!! First Franklin 2nd Mortgage

Just Got another Approval! for a client with First Franklin on a 2nd Mortgage.
Client is saving $447.00 a month and the interest rate has gone from 8.375% to 0%
Below is the Old and New Terms!

Old Terms

$137,800.00 Loan Amount
8.375% Interest Rate
30 Years
$1,047.00 Payment
11 Payments behind

New Terms

$124,749.00 Loan Amount
0.00% Interest Rate
$600.00 a month
17 Years 4 Months
Current

My Client is saving $114,506.72 in Interest alone!!!!! On top of that the Bank has agreed to allow the Client to payoff the loan for 25% of the balance down the road if the Client chooses too.

Let me help you Modify or Settle Your Mortgages! 

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