Sorry I have been really busy with loans and also Loan Modifications!
This new approval is from SUNTRUST Mortgage below are the old terms and new terms!
This client had an adjustable interest rate and also interest only loan. He is a teacher that is not working full time
and his wife just took off of work due to a difficult pregnancy. They were 6 months behind and were living paycheck to paycheck.
Call me with any questions you may have 800-208-4753 Office or dreyes@gmail.com
OLD TERMS ON MORTGAGE
6.875% Interest Rate ADJUSTABLE RATE
30 Years
Interest Only
$1,364.82 * pmt. included taxes and insurance
NEW TERMS ON MORTGAGE
4.00% Interest Rate
40 Years Fixed
Principal, Interest, Taxes and Insurance
$1,068.69 *once again includes principal, interest, taxes and insurance.
First Payment is April 1, 2010 and they are now up to date on their delinquent mortgage payments.
The client is saving $296.13 per month that's $142,142.40 for the life of the loan!
Call me with any questions you may have 800-208-4753 Office or dreyes@gmail.com
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