We fix mortgages

Lender / Servicer

Citibank

Citibank

Summary: Client was current at the time of modification. Monthly payment was reduced by 37% to 2.46% for 5 years and then fixed for the remaining 25 years at 4.78%. Monthly savings is $1,437.

Loan Balance

$508,163

$508,163

Interest Rate

5.88%

2.46%

Loan Type

Fixed

5 years, then fixed

Monthly Payment

$3,901.57

$2,464.19

Monthly Savings

$1,437.38

Lender / Servicer

Wells Fargo

Wells Fargo

Summary:Client was current at the time of modification. Monthly payment was reduced by 25% to 2% for 5 years and then fixed for the remaining 25 years at 4.75%. Monthly savings is $555.

Loan Balance

$214,375

$214,375

Interest Rate

5.13%

2.00%

Loan Type

ARM

Fixed

Monthly Payment

$2,239.57

$1,684.23

Monthly Savings

$555.34

Lender / Servicer

Wells Fargo

Wells Fargo

Summary: Client was two months late at the time of the modification. Monthly payment was reduced by 23% to 2% for 5 years and then increases 1% each year up to a maximum of 5% for the remaining term of the loan.

Loan Balance

$114,598

$114,598

Interest Rate

5.63%

2.00%

Loan Type

Fixed

5 years, then fixed

Monthly Payment

$1,127.61

$865.83

Monthly Savings

$261.78

Lender / Servicer

Citibank

Citibank

Summary: Client was 7 months late at the time of the modification due to a real slowdown in his cosmetics business. His reduced modified rate saves him $460 monthly and he is now able to focus on his business without worry of losing his home.

Loan Balance

$307,509

$307,509

Interest Rate

6.13%

2.00%

Loan Type

Fixed

10 years, then fixed

Monthly Payment

$1,979.86

$1,519.76

Monthly Savings

$460.10

Lender / Servicer

Bank of America

Bank of America

Summary: Client was experiencing a reduction of income at the time of the modification and was current on his mortgage payments to Bank of America. We were able to help him avoid being late on his payments by reducing his his interest rate from 5.88% to 2.5%

Loan Balance

$133,187

$133,187

Interest Rate

5.88%

2.50%

Loan Type

Fixed

5 years, then fixed

Monthly Payment

$869.59

$750.20

Monthly Savings

$119.39

Lender / Servicer

Wells Fargo

Wells Fargo

Summary: Client was not able to make his mortgage payments for 8 months due to hardships in his limousine business. We were able to negotiate with Wells Fargo on his behalf and save him over $900 a month or 31%. He will pay 2.20% for five years at which point the rate goes up 1% per year up to a maximum of 5% for the remaining term.

Loan Balance

$527,367

$527,367

Interest Rate

6.50%

2.20%

Loan Type

Fixed

5 years, then fixed

Monthly Payment

$3,473.80

$2,400.02

Monthly Savings

$1,073.78

Lender / Servicer

Chase

Chase

Summary: Client was 3 months late in his payments and we were able to negotiate with Chase to lower his fixed interest rate. Client requested a fixed rate only.

Loan Balance

$471,673

$471,673

Interest Rate

6.88%

4.88%

Loan Type

Fixed

Fixed

Monthly Payment

$3,117.21

$2,790.04

Monthly Savings

$327.17

Lender / Servicer

Countrywide

Countrywide

Summary: Client did not make his mortgage payments for an entire year due to unemployment. Not only were we able to save him from active foreclosure, we also negotiated with Countrywide to lower his monthly payment by 35% and converted his loan into a principal and interest laon instead of interest only.

Loan Balance

$160,800

$160,800

Interest Rate

6.50%

2.25%

Loan Type

Fixed

5 years, then fixed

Monthly Payment

$1,877.76

$1,220.70

Monthly Savings

$657.06

Lender / Servicer

SPS Bank

SPS Bank

Summary: Client had tried modifying the loan by himself and had gotten pre-qualified at 3.5% but failed to submit the correct documents to the bank to secure the permanent modified rate. We were able to work out with the bank all the miscommunications and inconsistentcies and lower the client to an even lower rate of 2% or 61% lower than the previous fixed rate.

Loan Balance

$703,705

$703,705

Interest Rate

7.50%

2.00%

Loan Type

Fixed

5 years, then fixed

Monthly Payment

$5,034.34

$1,944.94

Monthly Savings

$3,089.40

Lender / Servicer

WaMu

WaMu

Summary: Client lost her job and was two months delinquent on her payments. She was surviving just barely on her husband's income and after we were able to save her over $2,300 MONTHLY she was relieved of the hardship and was able to focus on finidng a new job and living her life without losing her precious home.

Loan Balance

$555,000

$555,000

Interest Rate

6.38%

2.00%

Loan Type

Fixed

5 years, then fixed

Monthly Payment

$4,205.00

$1,823.00

Monthly Savings

$2,382.00

Lender / Servicer

Aurora

Aurora

Summary: This client was current at the time of the modification but was facing escalating financial hardship due to a medical complication in her family. We were able to advocate on her behalf with the bank and secure savings of nearly 50% in her monthly payments!

Loan Balance

$334,757

$334,757

Interest Rate

6.75%

2.00%

Loan Type

Fixed

5 years, then fixed

Monthly Payment

$2,909.10

$1,456.37

Monthly Savings

$1,452.73

Lender / Servicer

Citibank

Citibank

Summary: Client was current at the time of modification. Monthly payment was reduced by 5.50% to 2.00% for 5 years and then fixed for the remaining 25 years at 22.64%. Monthly savings is $454.00

Loan Balance

$249,452

$249,452

Interest Rate

5.50%

2.00%

Loan Type

Fixed

5 years, then fixed

Monthly Payment

$2,005.00

$1,551.00

Monthly Savings

$454.00