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I Know My Business
A client came to me who had been injured and off work for four months. He got behind on his bills and was struggling to make payments. His credit card debt was $700 per month and his mortgage was $1000. He went to an unscrupulous debt counseling service who wanted him to pay $1400 a month in addition to his mortgage to be debt-free in four years. Even though his FICO score was between 498-530, I was able to find him a 30-year fixed FHA loan that will allow him to roll his credit card debt into the loan for a savings of $800 a month.
I Work Hard For You
A couple came to me after working with an inexperienced mortgage broker who had shopped their loan to six different lenders. Each of these lenders pulled the clients’ credit score, causing it to drop from 720 to 700. Although they had a strong work history and strong savings, the debt to income ratio for the home they wanted was higher than the underwriting guidelines. This combined with their lowered FICO score made it difficult to get their loan file approved. Based on my knowledge and experience, I was able to get them a loan and they are happily living in their new home. |
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