Loan Modification Forum - LoanSafe.org - View Single Post - Modification of 5 in 1 arm Wells Fargo SUCCESS!!

5in1arm · 05-18-2009, 08:04 PM

Well, I received some information today. They didn't go in to any specific details, but said I will have to pay $95 for an appraisel and that was my only cost. She said they mailed out my loan modification UPS last Saturday. She did say 5.25 percentage fixed for 30 years and my payment will be $1915 on July 1st, 2009. I am not sure of the specifics and she said I would see it in the paperwork.
I fugured this will save $459 a month and I will be paying toward principal. I asked her if this included taxes and insurance. She was not sure. Obviously they didnt include the second and since my house is upside down they deferred the overage for a later date. It will be interesting to see. I will send it to my attorney to have her review every detail to see if it is exceptable. I will inform all of you the specifics when I recieve it. Hope it gets here tommarow. Took me 48 stressful days to recieve this mod verbally.

05-18-2009, 08:04 PM	#40 (permalink)
5in1arm Senior Member Join Date: Apr 2009 Posts: 62 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: Modification of 5 in 1 arm Wells Fargo SUCCESS!! Well, I received some information today. They didn't go in to any specific details, but said I will have to pay $95 for an appraisel and that was my only cost. She said they mailed out my loan modification UPS last Saturday. She did say 5.25 percentage fixed for 30 years and my payment will be $1915 on July 1st, 2009. I am not sure of the specifics and she said I would see it in the paperwork. I fugured this will save $459 a month and I will be paying toward principal. I asked her if this included taxes and insurance. She was not sure. Obviously they didnt include the second and since my house is upside down they deferred the overage for a later date. It will be interesting to see. I will send it to my attorney to have her review every detail to see if it is exceptable. I will inform all of you the specifics when I recieve it. Hope it gets here tommarow. Took me 48 stressful days to recieve this mod verbally.