KCC sorry for the delay, I actually never noticed the request. If you do have a Home Loan with a lender that is over 4.5% interest then you can most likely get a decent interest rate reduction that will substantially lower the amount you are paying monthly. Many banks are now giving not only interest rate reduction but also principal reduction. The service companies like ours provide is broken down into three phases: 1. We do a series of reports such as Net Present Value, property valuations, forensic audit, budget analysis, etc. 2. We then analyze and compile the data and submit the file to the lender for review. 3. We negotiate the actual loan modification with the lender.
Our results have been impressive. The only down side is that it may take several months to get results. Can't beat the savings though.