Success Story: Mr. and Mrs. A of Oceanside
We are pleased with the excellent loan modification we have obtained for Mr. and Mrs. A. of Oceanside. Their income was reduced due to a reduction of work hours at their employers. In working with their lender, PennyMac, they are now saving $869.00 or 25% per month. The monthly payment decreased from $3,520.00 to $2,651.00 per month. Finally, the interest rate, which is a 40 year loan, will be at 3.25% for the life of the loan.