Loan Denied, Why?

Loan Denied, Why?

My sister was turned down by her credit union for a loan and we can’t figure out why? She is retired, but gets income from oil investments and other stock dividends. She has 4 Million in her IRA. We are shocked!” Great question! After her reviewing her tax...
The Power of Credit Scores

The Power of Credit Scores

Client applied for a loan with 593, 615 and 633 credit scores. In lending we use the middle of the three. With that rate the only loan I could find for $952,000 was a rate of 5.99% for a 7/1 ARM (meaning fixed rate that turns into adjustable) – yes with 30% down...