Another successful loan modification has been acquired by our attorneys at First Source Law. Our client’s first mortgage through NationStar has been approved for a modification in Lake Forest, CA of Orange County.
Original Loan Terms:
Principal Balance: $497,500
Monthly Payment (P&l+Escrow): $3,930.10
New Payment Terms:
Principal Balance Reduction of $19,215.33 per year!
Monthly Payment (P&l+Escrow): $2,221.03
The loan modification will be saving the client a whopping $1,700 a month! Not only that, but their principal balance every year is being reduced $19,215.33 to help make payments easier and the cost of living more affordable.
Our firm is dedicated to helping clients file bankruptcy, obtain loan modifications, and helping clients get a fresh start. For more information on what First Source Law can do for you, please fill out our free evaluations for bankruptcy and loan modifications.
This post was written by Gina Berg