FAQ > Loan Modification FAQ's > How much can I really save by performing a loan modification?
Search the FAQ for entries containing:
A Loan Modification may result in hundreds or thousands of dollars a month in savings. A Loan is typically for 30 years = 360 payments. If, for example, a Loan Modification can save a homeowner $500 a month and is done in the fifth year of the loan, with 25 years of payments left, the borrower could save $275,000 over the balance of the loan. Each case is unique, but loan modification often results in a monthly payment that is 20% - 40% lower.
Last updated on May 12, 2009 by Administrator