How Loan Modification work of your current financial issue

60MinuteLoanModification.com - FREE CD shows how we as loans on all five of my properties. My system is simple and helps you beat the bank, lower your payments and save your home. [Below is an excerpt from a live teleconference loan modification] CALLER: I have a question. I have a first and a mortgage by two to one company, Fifth Third Mortgage. And we have offered me a second change. But they said the first is going to be four to six weeks out and my fear is, of course, if they agree with the amendment, which is a rate of three percent is a very good rate. But if I agree that I'm afraid that will not do first and then I'll be throwing money worse, if they agree not to modify the first mortgage loan. The two mortgages together is $ 1400000. Ryan: Okay so, it is 1.4 dollars. And how much is the second? Own: the second is approximately $ 500,000 and $ 880,000 first. Now back with interest is about $ 900,000. The second is about $ 500,000 so it's about 1.4 U.S. dollars due. The
house is probably worth 1.5 dollars. Very best case scenario. Ryan: Okay. So what do you think? I mean, practically Rod has a problem. Well, he has a great situation here. He goes on to get a fresh three percent interest rate on the second. Mike: No. I think Rodney's concern is probably that the financial position will improve slightly as it goes to one hundred and three on his second $ 500,000, which is probably a bad rate, right now, so it is quite likely a significant reduction. This is an assumption. Think that is a saving of $ 1,000 per month. So you're probably worried that your financial position will improve, so you're not going to be in as many difficulties for first and will not get as good a change. But frankly, I recommend that you take what you can when you can. I do not think it will be the case, although I would have to look at specific numbers. And I would be very happy to do that, if you wanted to email me at mike@60minuteloanmodication.com. And we can look
at the spreadsheet and your debt to income ratio and see exactly how it would change. But it seems that you have a creditor who is really ready to work with you really interested, because credit is very high and you're in a good position in equity sounds like you have a winner in it. \\ U0026quot, I can help you save your home \' CD60minuteloanmodification.com Change Quickstart free loan!