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Space Coast Loan Modification Case Results

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Space Coast Federal Credit Union - [ID: #0001]

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Before

Borrowers were $11,432.14 past due and they had a 6.25% interest rate loan with a monthly payment of $2,396.02.

After:

Aorrower's new payment is $1,584.23 PITI ($811.79 savings). Their new interest rate is fixed at 2.00% for the first 5 years, 3.00% the 6th year, 4.00% the 7th year, and 4.50% for the remaining life of the loan.

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