Loan Modification: Principal reduction of $123,254.80. Loan balance reduced from $398,254.80 to $275,000.00 and delinquent interest and fees of $54,947.12 were eliminated. This is NOT a principal forbearance (deferring a portion of the principal until a later date or as a balloon payment ) but a true principal reduction. Interest rate reduced from 12.25% fixed to 7.75% fixed. Monthly payment reduced by $1,933.98/mo from $4,191.59/mo to $2,257.61/mo.
If a loan modification service or attorney cannot provide specific proof of their successful cases then you should not retain their services. We are proud of our track record of success & we want our clients to feel confident in choosing us to represent them. The workout descriptions and lender paperwork associated with each workout listed above are solely owned by Improve My Loan, Inc. and may not be duplicated, published or distributed without the expressed written consent of Improve My Loan. The results listed are not a guarantee, warranty or prediction of result, every case is different and results may vary.
Loan Modification Agreement (Click Here)