IndyMac – Case Result #002
Before Evaluation
Client came in being 25 months behind and owing $80,000 to become current. It was a neg-am loan that had a monthly payment of $4,357 with a 5.5% interest rate.
Case Result
The client received a loan modification with a new 30 year fixed interest rate at 3.562% and a monthly payment of $3,391.91. That's a monthly savings of $965.09.