Just Received another loan modification approval! The loan is with American Servicing Company . Below is the details! Feel Free to contact me with any questions Ask about our Modification Processing Special!! 800-208-4753 Office or dreyes@refionce.com
OLD LOAN TERMS
520,000.00 Loan Amount
7.625% Interest Rate
$4,494.73 Principal and Interest and Taxes and Insurance
The rate was adjustable so it could move or down at any given time
4 MONTHS BEHIND ON PAYMENTS
NEW LOAN TERMS
532.000.00 New Loan Amount
5.00% Fixed (30 Years)
$3,690.07 Principal and Interest and Taxes and Insurance
All late payments are put in the back of the loan and again the rate is fixed for 30 years.
Plus his first payment is not until November 1, 2009!
The Customer is saving about $800.00 a month and the rate is no longer Adjusting!
Please remember that Modifications are not going to be getting approved forever!
The faster you move on getting your paperwork submitted the faster you can start to save your money!
