The following are examples successes our clients have achieved with their lenders:

Indio , CA – This borrower came to us with an adjustable rate mortgage he just could not afford after his rate increased to 8.99%. He was behind on his payments and was facing foreclosure. With our help the borrower was able to get a reduced rate fixed for five years, effectively lowering his payment to fit his budget. His home was saved.

Sarasota , FL – These homeowners had both first and second mortgages totaling more than the current value of their home. They could no longer afford the payments and were facing foreclosure. With our help the second mortgage holder agreed to reduce the $96,000 obligation by 90% to $9600. They even agreed to give our homeowners four months to pay the $9600! They had a first mortgage that was a neg am (if they paid the minimum payment the loan balance would get larger). With our help the borrower a 30 year fixed loan with an interest they could afford. Without the burden of the payment of the second mortgage and with the reduced rate on the first mortgage, the homeowners are able to easily afford their home.

San Bruno , CA – Our San Bruno homeowner was paying a mortgage of approximately $5,800 per month, when he was hit with a financial hardship. He tried to work with the lender. It did not turnout very well. The lender burdened him with an even higher payment! They demanded that he pay in excess of $7,300 a month until he made up all of his missed payments. Then they were going to fix his rate to 7.99%. That did not give him the relief he needed and he again fell behind in his payments. This time he contacted us. With our help the lender arrived at a workable modification. 10 months of his back payments and late taxes were added to the loan at a sharply reduced interest rate for the entire balance. The rate was 5% for the first year with minor adjustment once a year for three years. The borrower's payments were REDUCED approximately $800 a month. This will give the borrower time to get back on his feet and refinance or sell his home.

Port Charlotte , FL – Due to a financial hardship, this borrower found herself several months late with her mortgage payments. With our help the borrower received interim agreement that gave her some breathing room while the final loan modification was being completed. She will be able to add her late payments to her loan amount which takes away her immediate burden. Then we expect the loan to be restructured to a REDUCED FIXED rate and payment for a 30 year term. Another win – win scenario.

Mission Hills , CA – This borrower lost his job and could not make his payments. With our help the lender reduced the payment to one he could afford. His lender has also agreed to add the payments he has missed back into the loan amount. Now he can concentrate on getting another job without worrying about losing his house.

Oakland , CA – Here is another case of a rate adjustment forcing the homeowner into an unaffordable payment. With our help the borrower received an agreement with the lender that reduced his rate by 1.75%. Again, the borrower was able to get his late payments added to the balance. The end result was a total reduction in his monthly payments of principal and interest of $500; if our homeowner stays in his home until it is paid off, this will save him $6,000 every year or approximately $150,000 over the life of the loan.

These are just a few examples of homeowners that are being helped by the professionals at Mortgage Rate Reductions Services. Experience matters. Call us to see if we can help you. We will give you an honest assessment and our service is GUARANTEED.

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