AHMSI is one of the nation’s largest servicers of mortgage loans. They are actively participating in loan modifications. One recent example of success resulted in a client saving over $1,000/month on their loan in the first year. It’s an incredible amount of money to save.
The rate will gradually increase over the next 5 years from 2% to 5% where it will remain fixed until the loan is paid off in full.
The old payment on the loan was $2,266.23 per month. At a savings of $1,041.39 in the first year, they will now be paying $1,224.84 per month.
When people ask us whether or not loan modification really works, it’s stories like these that prove it can.
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