These results should not be taken as a guarantee, as each case is unique.
Rate of 9.00%, mortgage payment of $857.00 (principal and interest). Client was 3 months behind on his payments and had $2,914.15 past due to the lender.
Borrower had a sale date. Owed $22,595.98 since 5/1/2008. interest rate was 9.99% monthly payment was $1,015.16 with taxes and insurance.
New interest rate: 3.0% 1st year, 3.25% 2nd year, 5.25% for third, 7.25% for the life of the loan after 4th year. New payment $731.75 for the first year. Saving $283.41 a month.
Borrower was 5 months behind, in foreclosure, 7.806%, Option ARM program. PITI payment $2,403.80.
PITI payment $1,284.19. First payment due July 1. First year interest rate 2%, 2nd year 2.5%, third year and for the life of the loan 4%. Saving $1,119.61. No good faith deposit required.
Borrower was 6 months behind, owing $3,800 in late fees and payments. Adjustable 9.75% interest rate.
Fixed 5.47% for the life of the loan. New P&I payment $414.47. Saving $92.53 per month. First payment September 1, 2009.
1st mortgage: $1,643.77 monthly, 7.99% interest rate, escrows included. 2nd mortgage: $496.76, 11.70%.
1st mortgage: 5.5% for the first year, $1,312.22 with escrows. 2nd mortgage: $362.99.
Previous payment $2,462.77. With escrows, total payment of $3,152.24.
New payment is $1,435.88. With escrows total, $2,125.35.
Original payment $2,077.77 PITI with 9.875% adjustable interest rate. Property is 11 months past due, owing more than $30,000 and in foreclosure.
Making Home Affordable 3 month trial plan to modify. New payment is $1,117.55 PITI with $960.22 savings per month.
Current payment is $1,807.78 PITI, with fixed 5.50% interest rate. Currently past due 7 months, owing $15,793.00, property in foreclosure.
Home is saved from forclosure! Granted a 3 month trial plan with payments of $1,548.35 PITI, saving $259.43 per month.
Past due over $40,000.00. Monthly PITI payments were $1,427.24 with 10.65% adjustable interest rate.
Approved for a traditional modification with 5.00% fixed interest rate and new monthly PITI payment is $801.64.
Borrower was 6 months past due with an adjustable interest rate of 3.371% and monthly PII (principal, interest and insurance) payment of $4,228.64.
Borrower received a traditional modification to a fixed 2% interest rate the first two years and a monthly PITI payment of $4,768.55. By 5th year interest rate will be locked at 4% for the life of the loan. The original term was extended 10 years and the past due amount was added to the back of the loan. AHMSI did not request any additional contribution from the borrower.
Borrower was more than 24 months past due, owing $33,403.81, and had a foreclosure sale date. Borrower had a fixed interest rate of 6.95% and a monthly P&I payment of $1,383.88.
Borrower's sale date was canceled, no contribution was required and borrower was granted a permanent modification. New interest rate will begin at 2% and step-up 1% per year until the 5th year when the interest rate will be fixed at 5.06% for the remaining life of the loan. New monthly payment is $1,141.68 ($242.20 savings per month) and the past due balance was added to the back of the loan.
Borrower was $10,031.20 past due (not including $3,485.51 escrow shortage and fees) and his monthly payment was $1,973.67 PITI with an interest rate of 10.890%.
Borrower has new payment of $1,090.22 PITI ($883.45 savings) with an interest rate of 2.000% for the first 5 years, 3.00% the 6th year, 4.00% the 7th year and 4.50% the 8th year and for the life of the loan.
Borrower was $15,056.30 past due with a monthly payment of $3,168.95 PITI and an interest rate of 6.650%.
Borrower was approved for a 3 month trial plan in the amount of $2,038.31 per month. Temporary savings of $1,130.64 per month.
Permanent monthly payment is $2,038.67 PITI ($1,130.28 savings) with fixed 2.560% interest.
Borrower was $12,863.95 past due on her 9.87% interest rate loan and monthly payment was $1,969.10 PITI.
Borrower's new payment is $1,193.97 PITI and new interest rate is 2.00% for first 5 years, 3.00% the 6th year, 4.00% the 7th year, and 4.375% for the remaining life of the loan. All past due amounts were placed at the back of the loan.
This AHMSI loan was in foreclosure with an impending sale date. The homeowners were past due $21,821.52, with a monthly mortgage payment of $1,133.60 PITI and a 8.875% ARM interest rate.
Approved for a permanent loan modification and the sale date was canceled. New monthly mortgage payments are $1,039.57 PITI and a fixed interest rate of 5.125%.