The Jacobson Family Saved $1,170.71 Per Month
The Jacobson Family Saved $1,170.71 Per Month. They owed $344,000 on their first mortgage at 6.375% and $85,994 on their Home Equity Line of Credit (HELOC) at 12.375% with Countrywide. They where five months behind on their mortgage the total was $14,263.30. The clients wanted to stay in their home and wanted a lower monthly payment.
The Jacobsons called American Team Mortgage, spoke with one of our Legal Assistants, were pre-qualified and then ultimately achieved the following loan workout: Our attorney negotiated with Countrywide and combined their loans into one low monthly payment (40-Year Fixed at 4.375%) saving the Jacobson's $1,170.71 per month and reduced their principle balance by $90,597.24.
" ... saved us over $1,000 a month"
"We originally wanted to refinance and thought we would have to sell our home. Long story short, the guys at American Team were able to negotiate with our lender to have them lower our rate down to 2.5%. This saved us over a $1,000 a month on our mortgage payments alone." — Chris Lexington
"... ended up getting a rate below 5%"
"I spoke to Jeff Alcorn and he told me that I would have trouble getting a good interest rate after he reviewed my husband's and my credit. But then he told me about how he could improve it for us. I decided to go for it and boy am I glad I did! Jeff was able to assist me with some credit coaching within a few short months we were able to qualify and ended up getting a rate below 5%. I highly recommend American Team Mortgage!" — Jenny Fernandez
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