We just got an approval on a loan modification with Ocwen for a client that already had a good interest rate of 4.75% down to 2%. But it gets better! The lender is only charging him with this interest rate on 85% of his loan which makes it an effective interest rate of 1.7%!
Their payment on a $495,373 loan amount is only $1,282.89. Believe it!
Need a loan modification? Don't pay, go to www.makinghomeaffordable.com and download their application and send it to your lender via certified mail. Contact me if you need any help with it. And, I will not charge you one penny before or after.
Just trying to make a difference in the world one family at a time!
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