Another Recent Example Of Mortgage Help
.: Clear Simple Mortgage, Inc. :.:
Another recent example is a single lady who needed $335,000 to buy a beach condo. She had a decent salary but had so much debt (several maxed out credit cards, student loans and a car loan to mention a few) that her debt to income ratio had many lenders just say "no thanks". Although she had no negatives on her credit report, her FICO score was only 548. Her girlfriend, a mortgage consultant at a bank, referred her to us after she was unable to help her qualify for any of the programs she had access to.
We got her all the money she needed and a monthly mortgage payment she could handle easily. The new loan also consolidated and paid off her existing high interest debts. As a result of this debt restructuring, 30 days later her FICO score had jumped 93 points to a respectable 641 mid score."
posted by Mortgage Helper @ 9:44 AM
1 Comments:
Mortagages help a lot to people who want to buy proprty. Bad credit borrowers are not approved loans very easily. Even if they are, a very high interest rate is charged from them. This may make it even more difficult for the bad credit borrower to repay it to the lender. To save them from such situations you can use bad credit mortgage, it is a kind of financial help to purchase your dream house without pestering about your poor credit past. It not only helps you to buy home but also provides a great opportunity to re-establish your adverse credit past.
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