These results should not be taken as a guarantee, as each case is unique.
Monthly PITI payment was $2,216.73 with adjustable 6.25% interest rate. Borrower was 24 months past due owing $53,200. Sale date canceled.
Sale date postponed upon lender's receipt of signed and dated agreement. New monthly payment with escrow shortage included is $1,244.69. Saving $972.04 per month!
Borrower was 8 months past due owing $10,700.00. Monthly mortgage payment (PITI) was $1,330.08 with adjustable 5.12% interest.
New PITI payment is $515.89 with 2.0% fixed interest for five years, incrementing 1.00% up to a maximum 4.875% for the life of the loan, saving more than 50% of the original payments per month! (Monthly savings $814.19).