Monday, January 10, 2005

Here Is Typical Recent Mortgage Help Example

.: Clear Simple Mortgage, Inc. :.:

Here is typical recent example:

� A guy needed $250,000 to buy his first home. One problem was he had less than two years of established credit which a mortgage lender normally requires. He also had a low FICO score of 522 due to an unpaid collection and a late payment on his credit report. He had two jobs, had been less than two years at his main job and did not make enough at his main job to qualify for the mortgage loan he wanted. He was a temp at his second job where he had worked for just four weeks.
� Wells Fargo Home Loan (he was a Wells Fargo customer) approved him for only $185,000 plus he was required to come up with 3% cash down payment and about 2.7% cash for closing costs. A mortgage broker he found online said he could get him $198,000 but the payments were just horrible.
� He finally found us, applied online and we put together a mortgage loan for the full $250,000. Even closing costs were included and we were able to close in just nine days start to finish. He is quite happy in his new home."

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