Banks and Lenders have become so tight with lending money out to purchase homes that it's like some type of a "Game" their playing ...
The reason the Interest Rates are so low is because it's almost impossible to borrow any money. Once the Interest Rates go up, a homeless person with no job will be able to get financed.
I have client's that have FICO Scores in the upper 700s and one gentleman with a 830 FICO, with a job, income tax statements of over 150K per year, 100K in the bank, personal properties that will be selling shortly amounting to around 125K, 5 year increments of pension checks coming to him and ...
CHASE BANK turned me down on a 200K purchase with 60K down ...
What is going on around the Las Vegas Valley area?
There are other Leaders that own their own Lending Companies in Las Vegas that say they can get him financed but they need to run his CREDIT SCORE ...
He just had his CREDIT SCORE run one week ago and it was around 830 ... "How Many Times Does a Person Need Their CREDIT SCORE Run"?
If you ask me I think it's one BIG GAME that Banks and Lenders do to "Beat Down" peoples FICO SCORES so they can create a Higher Interest Rate which in turn puts more money in their GREEDY POCKETS ... ;o(
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