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Scroll down to see successful modification RESULTS using the same forms, tips, & tricks included in the ModPilot Guide and CD
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Success Stories
Fed Finally Urging Lenders to Write-Down Loan Principal or Payments
Lower Your Rate, Payment, or Principal Now!
Congratulations!
1-You have a QUALIFYING HARDSHIP
2-You entered your mortgage before Jan. 1, 2010
3-Your affordable mortgage payment is LESS than your current payment
4-Your interest rate is ABOVE the average modified rate
Chase original payment $3993.50 at 9.6%
First 5 years payment $1059.30 at 2.0%
Principal deferment of $245,300
Saves $176,040 in first 5 years!
Total savings of $796,157
Chase original payment $3015.41 at 8.3%
First 5 years payment $1422.72 at 2.0%
Savings of $85,347.60 in first 5 years.
Total savings of $468,348
Citi original payment $1776.11 at 8.5%
New payment is $940.59 at 2% for the life of the loan!
Total savings of $268,201
BofA was in foreclosure with 17 payments
past due.
Payment was $4245.21 interest only at 9.9%
New payment includes principal & interest
at $1926.07 at 2%.
Savings of $139,148 in first 5 years
Rate maximum is 5%
Interest rate reduced to 3% and new monthly savings is $1453.51 /MONTH
$112,000 loan with 0% INTEREST!!!
90% of loan balance FORGIVEN!!
