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Manuel S.

Servicer: OCWEN Mortgage

Manuel S.Old LoanModified Loan
Interest Rate9.115%4.605%
Loan Type3 Yr fixed5 yr fixed
Monthly Payment$3,647.56 not including taxes and insurance$2,664,24 which includes $414.00 for taxes and insurance

TOTAL SAVINGS: This loan modification resulted in a Total Monthly Savings of approximately $1400.00 a month and a 4.51% rate reduction for our client. Client did have to pay $4000 down as a good faith payment after being delinquent for many months.