“Credit Scores aren’t the only Important Factor”
American Eagle my bank did not approve me, even though they said they would. I know you told me that was going to happen. My friend Jose told me you know what to do. I don’t understand why they told me they can do something for us, but not tell the truth. I know my credit scores are not too good, but as I told you I have a good down payment. When can we meet as I need to close in 5 weeks.
Yes Luis, I can do your mortgage.
I previously explained that his credit scores are lower than most institutions will allow.
I am not kidding when I say that I can get an FHA loan done with a 500 mid credit score. A higher down payment is required which is understandable as the lenders are taking a bigger risk.
What is important to understand is that when you have lower credit scores, the loan must make sense and so do the reasons for the lower scores. This transaction is one that makes sense.
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
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