Carrington Mortgage Mod SUCCESS!!

[Mike]

Aloha all, we bought our house August/2006 for $437..got 80/20 loan with 9% and 12.4% interest rates on stated income since both my husband and I are self employed..our total of 2 payments are $3626 each month..these were the only rates we qualified for at the time and our broker kept assuring to just sign the papers and that we could refinance soon to combine loans and get the payment lower. well, needless to say that we've failed to refinance due to the market crisis. Now we are facing extreme hardship as we have used up our savings and income loss due to slowed economy. to add to this, unexpected medical bills, my husband's knee injury and my mother in law moved in with us that we have to support. we have not been late on our payments yet, but it won;t be long before we get there at these rates. and our rates will adjust next month. i called Carrington to see our options, they told me they have something called loan modification. so i started researching and found this site completely by God's grace. this site has given me so much knowledge on how this process works..as far as i can read, carrington seems to be one of the companies actually trying to help..so i'm really thanksful and hopeful to read their stories. both our loans were with New Century originally, but our 80% loan payment of $2700 is with carrington now and the other 20% loan with Saxon. so we are trying to modify both. i finished the hardship letter and faxing them off today to carrington. this site gives me so much hope and inspiration. thank you for doing such a great job and helping people to save their homes when no one else seems to care much. thank yu and aloha.