Suffering an Unfair Job Loss is Tough, our california employment attorneys can help.

Michael Q.

Servicer: Bank of America

Michael Q.

Old Loan

Modified Loan

Interest Rate

7.6%

Years 1-3 - 2.0 %
Years 4 - 3.0%

Years 5 - 4.0%
Years 6 to 24 - 4.25%

Loan Type

Adjustable, Interest Only

Fixed Rate Loan

Monthly Payment

$4,706.38

Includes: Principal, Interest, Taxes and Insurance.

$2,252.04

Includes: Principal, Interest, Taxes and Insurance.


TOTAL SAVINGS: this loan modification resulted in a Total Monthly Savings of $2454.34. All delinquent interest has been capitalized to the principle balance of the loan and all late fees have been waived. The lender forgave unpaid interest in the amount of $65,473.59.