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What is an "A" customer?
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Credit scoring
was developed to help lenders qualify more applicants than in the past
based on statistical information. An "A" customer (620 - 800
score range) now can have a few late payments on their credit cards as
long as there is a reasonable explanation. The other factors a bank
considers for "A" client parameters include:
 | excellent credit. |
| no late mortgage payments within last 2 years. |
| no bankruptcy for last 7 years. |
| cash reserves |
| steady job (2 years min.). |
| steady residence (2 years min. in current home). |
| net assets at least 25% of value of current residence. |
Guidelines may be stretched a bit so long as the credit score is within
the range. The broker will use these guidelines to place the client
into a loan program that may be much lower in interest rate than what the
client currently has.
As your broker, I'm committed to guide you through the mortgage maze. So
feel free to call me with any questions.
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Clear Your
Mind of Can't
...... We Can!
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| As your broker for life, your
financial success is my number one priority. You can always count on me for up to date
information on financing and ways to help you meet your financial goals. Each person has
different needs as it relates to their financing. I'll take the time to evaluate and
educate you on any financing options.
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©
David Bruce Ing 1999 - 2001
Site design and maintenance by Kiana Liu |
