Client came in with a sale date in 3 weeks. Their monthly payment was $4,268.
We were able to stop the sales date and get a modification. The new payment is $3,715 with a stepped interest rate of 3.625% for years 1-3, 4.875% for years 3-5, 6% for years 5-6, and capping at 6.625%. Client saved $552 a month.