Another Approval This time it's GREENTREE

Just finished going over the loan modification numbers with the Rep from GREEN TREE and the client is going from a payment of $3,226.61 (P.I.T.I)* to $2,687.12 (P.I.T.I)* for the next 5 years that's a monthly savings of $539.49 per month or $32,369.40 after 5 years!!!Once i receive the actual approval from the lender which i should be getting within a month I will post it!

OLD RATE ----5.70%
NEW RATE ----2.875%
AFTER 5 YEARS INTEREST RATE GOES UP 1% EACH YEAR UNTIL IT HITS THE CAP OF 5.10% 


Feel free to contact me with any questions you may have at anytime! 800-208-4753 Office or email me at refionce@gmail.com

Chase Time Guideline changes for Income Documents on Loan Modifications

Just spoke to someone at Chase and they are now allowing Pay-stub's for up to 90 days old and also  bank statements of up to 60 days old.  After your loan modification request is completely submitted the Underwriting Team is taking 30 to 60 days to complete the Loan Modification.  From what I have seen both Chase and CITI-Mortgage are getting faster with their turn times!

Feel free to contact me with any questions 800-208-4753 Office or dreyes@gmail.com