Loan Modification Example
Here is a client that was several months behind on their mortgage and with 40k in credit card debt.
As you can see their current interest rate was 5.875% and their current payment was $1,597.15.
After several months of negotiations with their bank we were able to get them on the Making Home
Affordable plan and now their payment is 1079.01 with X interest rate of 4.00%
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Loan Modification Result
Result 2
Over one year behind on their mortgage at %7.10 at $3,005.23; now $1,974.48 at 2.4944% that’s over $1,00.00 savings per month PLUS out of foreclosure.
To see a full size version of the document, click the button to the left of “Download”.
Mortgage Result
Investment Property
6.5% AT $2.532.56 PER MONTH; down to 2.0% at $1,385.11 per month
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Investment Property Result
Credit Card Settlements
$9,706.00 Down to $2,500.00 – 25%
$20,053.96 DOwn to $6,016.19 – 30%
$42,731.07 Down to $12,850.00 – 30%
$32,136.47 Down to $8,600.00 – 26%
$29,587.00 down to $10,000.00 – 33%
To see a full size version of the document, click the button to the left of “Download”.
Credit Card Settlement Result
I think that you get the picture. WE CAN HELP YOU FOR SURE. Contact us today at (857) 244-1940 or fill out the form on the right.
