The Law Office of Michael E. Ripley

Exceeding Expectations

Success Story: Ms. L of Canyon Country

Great news for Ms. L. of Canyon Country, California!  She is a dentist and her income was down due to the general economic conditions.  In working with her lender, Bank of America, she is saving $1,263.00 per month, which is a savings of 34%.  Her previous monthly payment was $3,765.00 and was decreased to $2,502.00.  The terms of the loan modification include an interest rate of 4% for the loan's entirety, which is 21.5 years.