Loans, Debt & Credit - View Single Post - Modification of 5 in 1 arm Wells Fargo SUCCESS!!

5in1arm · 05-22-2009, 06:07 PM

Awesome,
I can finally say I believe this is happening because I got my MODIFICATION DOCS in the overnight UPS express mail sent to our home from my specialist at Executive Team. All the terms is as I mentioned above starting at 2.5% then five years later going to 3.5% then 1 year later to 4.5 and then 5.125 on out until July 2037. So I thought they would modify it and go 30 years out from right now but they picked up from right now which would explain why my payment is $1915.65 instead of $1837 I had amortized with the help of "karls Calculator".
Thanks for everyones help and advise on here. Take care.

05-22-2009, 06:07 PM	#51 (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!! Awesome, I can finally say I believe this is happening because I got my MODIFICATION DOCS in the overnight UPS express mail sent to our home from my specialist at Executive Team. All the terms is as I mentioned above starting at 2.5% then five years later going to 3.5% then 1 year later to 4.5 and then 5.125 on out until July 2037. So I thought they would modify it and go 30 years out from right now but they picked up from right now which would explain why my payment is $1915.65 instead of $1837 I had amortized with the help of "karls Calculator". Thanks for everyones help and advise on here. Take care.