San Diego, CA (PRWEB) March 27, 2013
LoanSafeMods.com gives the REST Report to these who are looking for foreclosure alternatives. The REST (Real Estates Solutions and Technologies Report) is a third party analytics report that shows home owners exactly what sort of loan workout programs they qualify for. This report can also be shown to banks and lending institutes to assist speed the processing of a loan modification request.

The web site offers a number of beneficial tools to struggling home owners, like a cost-free house analysis and the benefit of not obtaining to spend until outcomes from the Report come back. This risk-totally free assessment has helped several homeowners to uncover options to their loan modification application troubles.

A new video on the LoanSafeMods.com website shows real life examples of how the REST has helped to advantage homeowners by displaying them specifically what they certified for and, far more importantly, displaying those holding their loans precisely how the numbers made sense and why it would be a far better notion to approve a mortgage modification than to foreclose on the house.

One instance is from a loan held by Bank of America. The REST Report done for this homeowner calculated that, given the new terms of the modification that was certified for, the homeowner would have their month-to-month Principal, Interest, Taxes, Insurance and Association dues lowered from $ three,031.88 to around $ 1,855.67.

The REST Report was sent in with the modification request and Bank of America approved the application. The calculated new payment was off by just 21 cents, with the bank approving the new payments at $ 1,855.88. All round the homeowner is now saving $ 1,176 every single month, $ 14,112 every year, and $ 554,664 general.

Another property owner with a loan held by Bank of America ran a REST report and discovered that they qualified for the modification that they had been trying to get. The REST Outcomes projected that the new payment would be decreased from $ two,808.72 to just $ 1,547.00. The actual payment, when the application was approved, was $ 1,547.20 just 20 cents difference!

Now this California homeowner saves $ 1,259 every single month, $ 15,108 every year, and will end up saving $ 604,320 over the course of paying for their residence. All this thanks to the REST displaying them precisely what modifications they qualified for and, much more importantly, precisely why they qualified.

A third example is from a mortgage that is held by JPMorgan Chase & Co. This homeowner identified that they certified for a reduction in their month-to-month Principal, Interest, Taxes, Insurance coverage and Association dues payment by about $ 1,539.33. The new payments have been projected at $ 2,290.70 per month. The actual new payment per month turned out even less, at $ 2,215.48.

Now this homeowner is saving $ 1,614 each month, for a total of $ 19,369 each and every year, and a lifetime savings of $ 752,193. And these are just a few of the examples of men and women who were in a position to turn their situations around and preserve their homes thanks to LoanSafeMods and the REST Report.

The site also attributes a number of testimonial videos from real life people who had struggled with their mortgage payments and modification applications prior to discovering the REST. These evaluations and other tools for homeowners can be found on LoanSafeMods.com.