“If Credit Scores are an Issue, Call Me”
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?
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!