Servicer: Saxon Mortgage
|Alfred S.||Old Loan||Modified Loan|
|Loan Type||Sub Prime 2/28||Fixed|
Includes Principle, Interest, Taxes and Insurance
Includes: Principle, Interest, Taxes and Insurance.
TOTAL SAVINGS: This loan modification resulted in a Total Monthly Savings of $1,936.71 for our client and amounts to an estimated savings of over $482,000 off the amount financed over the life of the loan. All delinquent interest and late fees have been capitalized to the principle balance of the loan. The 4.50% interest rate will be a fixed rate the life of the loan.
Click here to view the actual loan modification.