Servicer: Litton Loan Servicing
|William L.||Old Loan||New Loan|
|Loan Type||Adjustable Rate||30 Year Fixed|
|Principal Balance of Loan||$277,439.21||$198,284.23|
TOTAL SAVINGS: This loan modification resulted in a Total Monthly Savings of $869.46 per month and a principal reduction in the amount of $79,154.98. This results in an estimated savings of over $370,000 off the amount financed over the life of the loan. All delinquents payments were forgiven as well.
Click here to view the actual loan modification.