Rockwood Michigan Homeowner Avoids Foreclosure & Saves $1,000 Per Month!

Loan Modification in Rockwood, MI Reduces Homeowner’s Mortgage Payment by 47%!

The short video above is about the loan modification we secured for John in Garden City, Michigan. John had both a first and a second mortgage with Bank of America. We were able to reduce his overall monthly mortgage obligations by 44%!

On Phill’s first mortgage, which was with One West Bank(Indymac), his payment went from $1,700 interest only, to $1,250.60 which saves him over $400 per month. His interest rate also went from 7.5% down to 2.375%!

Now, on Phill’s 2nd mortgage, we took a different approach. Michigan Mortgage Modification was actually able to settle Phill’s $67,000 2nd mortgage for 20% of the balance owed! This saved Phill over $53,000 and the best part is that we were able to work out a payment plan for this settlement which allowed Phill to pay it off over six months instead of coming up with the lump sum.  

If you’re interested in persuing a loan modification in Rockwood, Michigan, or any other US city, just give Michigan Mortgage Modification a call at 248-674-6457 and we’ll help you just like we helped Phill. In fact, if you watch the video above you’ll hear exactly how Phill feels about the assistance he received from Michigan Mortgage Modification.