Borrower's mortgage was 2 months past due with a monthly mortgage payment of $936.08 and a 6% fixed interest rate.
Borrower was granted a $44,529.00 principal reduction. Amerihope Alliance negotiated a final loan modification with a new monthly mortgage payment of $683.10 and a 4.875% fixed interest rate for the life of the loan. With the new interest rate and principal reduction, borrower is saving $252.98 per month.
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