Recent Loan Modifications

Here are just a few examples of typical loan modification results. Whether you are trying to save your home or investment properties, HOMEstart can help!

Rental Property in Cedar Park, TX
Combined monthly savings of $814.11/mon and principal balance reduced $16,648.

1st Trust Deed:
Loan amount of $135,168 with an interest rate of 7.25% and monthly mortgage payments of $1,333.92.
Modified to:
Interest Rate of 3.95% and new montly mortgage payments of $700.50.
2nd Trust Deed:
Loan amount of $33,145 with an interest rate of 10.375% and monthly mortgage payments of $310.83.
Modified to:
Interest Rate of 2.0%, new monthly mortgage payments of $130.14 and principle balance reduced by $16,648.

Rental Property in Elk Grove, CA
Total monthly savings of $629.33/mon.

Primary Residence:
Loan amount of $384,806 with an interest rate of 4.75% and monthly mortgage payments of $2,176.23.
Modified to:
Interest Rate of 2.0% and new monthly mortgage payments of $1,546.90.

Rental Property in San Diego, CA
Total monthly savings of $1,132.38/mon.

Primary Residence:
Loan amount of $298,819 with an interest rate of 5.875% and monthly mortgage payments of $2,445.30.
Modified to:
Interest Rate of 3.875% and new monthly mortgage payments of $1,312.92 fixed for 5 years; final interest rate of 5.375% and $1,481.94 monthly payments.
Note: All unpaid interest, escrow and fees were added to principal. New Principal Balance of $320,069.

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