Appleton Mortgage Success Story : Marco

Mortgage and Lending with Hartford Financial Services - Wisconsin Mortgage Lender

Appleton Mortgage Success Story : Marco (Recently Divorced)

Marco is a recently divorced single father with three children that live with him in Appleton.  He mentioned that he had seen our website at and the success stories of other Appleton homeowners motivated him to contact us.  Marco informed me at the beginning of the application process that the divorce had created a couple negative blemishes on his credit report.  Even though the divorce decree stated that his ex-wife was required to pay some of the credit cards, she did not.  Marco only found out after receiving phone calls from the credit card companies.  Unfortunately, I have seen this happen many times in my time as a licensed loan officer.

Marco was awarded the home in the divorce because he needed a place to house their children.    The divorce decree did not award any of the equity to his ex-wife so it meant that all we needed to do was refinance the home to a lower interest rate and take his ex-wife off the Appleton Mortgage Home Loan and title to the property.  With mortgage interest rates as low as they are right now, we would be able to save Marco money as well as serve the purpose of removing his ex-wife from the title. 

When Marco and his ex-wife purchased the home in 2010, they were able to secure a 30 year fixed FHA mortgage with an interest rate of 5.5%.  They had faithfully paid on this mortgage with zero late payments.  Outside of the recent credit blemishes caused by his ex-wife’s non-compliance with the divorce decree, Marco had never missed a payment on anything on his credit report.  His credit score had plummeted to 662 from the previous high 700 credit score when he purchased his Appleton Home.  This credit score disqualified Marco from many of the Conventional Mortgage Home Loan Products and threatened the ability for any type of Appleton Refinance.

Immediately upon the signing of the Appleton Mortgage Application, I had Marco write a few letters of explanation for the late payments on his credit report.  Having experienced situations like this in the past, I wanted to make sure we had documentation prior to submitting the loan application to our underwriter.  As supporting documentation for the late payments, I attached a copy of the divorce decree for each of those trade lines.  In addition, I was sure to have a complete loan package before I allowed the underwriter to view the file.  By providing a complete file including the Appleton Appraisal report, the underwriter was able to touch the file one time and sign off without the need for any conditions.

Due to the extraordinary circumstances, this Appleton Refinance took a few extra days. was able to close in 18 days!  We were able to offer a 4.0% 30 year FHA mortgage which saved Marco almost $162 per month.  His ex-wife is no longer on the mortgage and has no legal rights to the property as per the final divorce decree.

Many Appleton Mortgage Companies say they offer the lowest mortgage interest rates but only comes through on the promise of low Appleton Mortgage Interest Rates with Speedy Closings (sometimes as little as 14 days!)  Your Appleton Home Loan Lender offers lending services that makes it easy for you to obtain financing for purchasing properties in Wisconsin as well as refinancing your existing Appleton Mortgage.  If you are ready for a no-obligation FREE financial analysis with your personalized Appleton Mortgage Interest Rate Quote, please contact my Appleton Mortgage Office at (920) 623-9242.  You can also visit our website at or my personal Appleton Mortgage Blog at  Sign up for our newsletter and we will provide you with Appleton Mortgage updates and helpful Mortgage Lending Trends and News.

You may now be eligible for our Appleton FHA Mortgage Interest Rate Reduction Program.  If you qualify for this Appleton FHA Mortgage Product, we may not require income documentation or an appraisal report to modify your existing Appleton Home Loan.  Qualified Mortgage Applicants will be able to lower their existing Appleton Interest Rate and Mortgage Payment if reasonable conditions are satisfied.  Call my Appleton Mortgage Office at (920) 623-9242 to see if you qualify for this Appleton FHA exclusive program.  Only qualified Appleton Mortgage Companies have access to this FHA loan product.  Call Today before this exclusive Appleton FHA Mortgage Loan Product goes away!


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Frank Pabon

USDA, FHA, Appleton Home Loans 920-319-5368,
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