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Homeowner was past due over two years, owing $225,537.11. Mortgage payments were $7,909.00 per month and they had a high 5.875% interest rate.
Homeowner was approved for a Making Home Affordable loan modification with new monthly payments of $4,697.77. Saving over $3,000.00 per month! New interest rate begins at 2.0%. Making Home Affordable really worked for this client!
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