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“If Credit Scores are an Issue, Call Me”

By
Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

“If Credit Scores are an Issue, Call Me”

 

 

Mr. Petrowsky,

Your name was given to me by XXXXXXX Bank. They said they felt bad for us, as we were all approved and just waiting for our closing which was supposed to be next week. They called us indicating they can no long close our mortgage as our credit scores are lower than their minimum requirements at this point. We were floored and very upset to say the least.

Our mid credit scores are 612 and 599, can you work with these scores?

Ginny

 

 

I have always wondered who decides this stuff? Do they really think of the effect these decisions have on so many lives?

 

If the goal these days is to improve our current economy, then how will increasing minimum credit scores and increasing down payment requirements help improve the housing and mortgage market?

 

Yes, Ginny we can do your mortgage!

 

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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

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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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.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Joe Petrowsky my mother ran a loan dept. in a bank, and throughout my entire life, it was drilled into me that the value of good credit can't be replaced.... and I've always followed that thought.... 

Jun 05, 2020 03:07 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Joe. Always amazed me how mortgage brokers could get a  loan funded a bank would not do directly and then sell it or have it funded by the same bank. Enjoy your day!

Jun 05, 2020 03:40 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

The school districts through our country need to start teaching this from 9th to 12th grade along with other life skills 

Jun 05, 2020 03:41 AM
Sham Reddy CRS
Howard Hanna RE Services, Dayton, OH - Dayton, OH
CRS

Thanks for sharing!

If the goal these days is to improve our current economy, then how will increasing minimum credit scores and increasing down payment requirements help improve the housing and mortgage market?

Jun 05, 2020 04:28 AM