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Loan
Modification Results
Below you will find the actual loan modification
proposals from
4 of the major lenders.
In 2
of these examples the homeowners
received 2% loans and the
others received 3% and 3.5% rates respectively
after the negotiations with their lenders were
completed.
If you have any questions on these exact
examples or if you would like to discuss your
options please email us immediately.
4 EXTRAORDINARY LOAN MODIFICATION
RESULTS
-
Countrywide 2% 40
year loan
-
GMAC 2% 30
year loan
-
Indymac 3% 30
year loan
-
Countrywide 3.5% 40
year loan
The details of these 4 loan modification results
are below:
1)
COUNTRYWIDE 2% LOAN MODIFICATION RESULT
Original Loan Details
Lender –
Countrywide
Loan Amount -
$773,000.00
Original Interest Rate
–
5.625%
Original Loan Program
–
Option Arm Adjustable Rate Mortgage
Modification Result
New Interest Rate
–
2.0%
New Loan Program
–
40 year principle and interest
Below
is a copy of the actual loan modification that
the client received from Countrywide
2) GMAC 2% LOAN MODIFICATION RESULT
Original Loan Details
Lender –
GMAC
Loan Amount -
$653,000.00
Original Interest Rate
–
7.0%
Original Loan Program
–
Option Arm Adjustable Rate Mortgage
Modification Result
New Interest Rate
–
2.0%
New Loan Program
–
30 year principle and interest
Below
is a copy of the actual loan modification that
the client received from GMAC
3) INDYMAC 3% LOAN MODIFICATION RESULT
Original Loan Details
Lender –
Indymac
Original Loan Amount -
$623,000.00
Original Interest Rate
–
7.5%
Original Loan Program
–
10 year interest only
Modification Result
New Interest Rate
–
3.0%
New Loan Program
–
40 year principle and interest
Below is a copy of the actual loan modification
that the client received from Indymac
4) COUNTRYWIDE 3.5% LOAN MODIFICATION RESULT
Original Loan Details
Lender
–
Countrywide
Original Loan Amount -
$160,000.00
Original Interest Rate
–
6.75%
Original Loan Program
–
30 year fixed
Modification Result
New Interest Rate
–
3.5%
New Loan Program
–
30
year principle and interest
Below is a copy of the actual loan modification
that the client received from Countrywide
If you would like more detailed information on
any of these results please email us today.
And if you would like to see if you qualify for
a Loan Modification or FHA Short Refinance
(principle reduction) the first step is
filling out the Free Loan Evaluation Form and
fax it back to us for review.
To Qualify:
To see if your unique
situation qualifies for assistance simply fill
out the Loan Evaluation Form below and fax it back to
your mortgage relief representative for
analysis.
Printable Qualification Form
The Free Loan Evaluation Form will allow us to
determine if your financial profile fits within
the eligibility requirements for a successful
loan modification or FHA short refinance.
You will receive an approval within 24 – 48
hours after completing the Free Loan Evaluation
Form.
To
learn more about what it takes to qualify for a
loan modification or an FHA Short Refinance
(principle reduction) click on the link below:
Qualification Info
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