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.