Loan Modification Saves Homeowner $963.19 Every Month
A homeowner recently received a loan modification under the Making Home Affordable plan that will save them $963.19 every month. This homeowner was on the verge of losing the home when they sought professional help, it was just a matter of weeks, and the notices were already filed with the courts about the sale date.
He had been working three jobs as a bus driver but recently was laid off on one of them because work has slowed down. Hours at his primary employer has also been reduced but should remain steady. His mom recently moved in the home and has been helping with the bills, however, she recently lost her job and is currently looking for work. Our client said “I know things will remain steady and if I can get a loan modification to reduce my bills I will be able to make my payments on time.”
David Wilson, of www.USLoanModifier.com explains “this is very typical of what is happening all across our country, relatives are moving in together to save on expenses trying to have one secure location they can call home.”
This homeowner and others under the Making Home Affordable loan modification program starts out with a 3 month trial and with successful completion all previous late charges will be forgiven. A permanent monthly payment will be calculated at that point, which will be about the same as the trial payment.
At U.S. Loan Modifier they match clients with law firms to help them get the professional assistance they need when going up against their lenders. Wilson adds, “It isn’t easy dealing with lenders and if you are employed, which is required in most cases, it makes it almost impossible.”
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