VA Modification Success for Francis in NY. When Frank was discharged from the military in 2013, he came home to find himself out of work and unable to catch up on his mortgage. He tried dealing with the lender on his own, but repeatedly would find failure. That was when he heard about Litvin Law Firm, PC. We are proud to announce that after 8 months with our law firm, Francis has now been approved for a VA Loan Modification. This approval changes the interest rate from its previous adjustable rate to a fixed 3.875%, which is below the current market rate! The affordability ratio, which is the calculation of how much his mortgage payment is in relation to his income, was lowered to a phenomenal 26% DTI. With most HAMP approvals coming in at 31% - 38%, this low ratio is certainly helpful towards keeping Frank in his home and helping get his finances back on track. Frank, we at Litvin Law want to first thank you for choosing us to represent you, but we also want to thank you for your service to our nation. Congratulations on your modification success!
Posted on: Fri, 13 Jun 2014 11:59:00 +0000
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