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All Press Releases for July 31, 2003 Subscribe to this News Feed    
 

APPROVED LOANS FOR HOMEOWNERS TURNED DOWN BY OTHER LENDERS

MILLIONS OF HOMEOWNERS ARE TURNED DOWN FOR LOANS EACH YEAR BY BANKS AND OTHER FINANCIAL INSTITUTIONS FOR VARIOUS CREDIT REASONS.

TYPICALLY, ARBITRARY OUTDATED LENDING POLICY IS THE CAUSE, SINCE THE MAJORITY OF THESE APPLICANTS ARE ACTUALLY QUIET CREDITWORTHY, IRONICALLY, A NEW LOAN IS USUALLY THE ONE THING THAT CAN HELP THESE BORROWERS IMPROVE THEIR FINANCIAL CONDITION BY PAYING OFF TROUBLESOME BILLS.

SPECIALIST IN PROBLEM LOANS

REAL ESTATE MORTGAGE GROUP ROUTINELY MAKE LOANS TO HOMEOWNERS WITH PREVIOUS BANKRUPTICIES, HIGH DEBT RATIOS, THE SELF-EMPLOYED AND THOSE WHOSE DEBT-TO-EQUITY RATIO EXCEEDS TRADITIONAL MORTGAGE BANKING RULES.

LOANS TO FIT HOMEOWNERS' NEEDS

RESEARCH INDICATES THAT CREDIT PROBLEMS ARE NOT NECESSARILY TIED TO THE HOUSEHOLD INCOME LEVEL. MANY HOMEOWNERS DECLINED BY BANKS ARE PROFESSIONALS WHO HAVE BEEN TEMPORARILY UNEMPLOYED OR HAVE EXPERIENCED A DECLINE IN THEIR INCOME AND CONSEQUENTLY MISSED DEBT PAYMENTS. THE RESULT A POOR CREDIT REPORT. EVEN THOUGH THEY ARE WELL ON THEIR WAY TO FINANCIAL RECOVERY.

REAL ESTATE MORTGAGE GROUP OFFERS MANY SERVICES AND BENEFITS NOT AVAILABLE THROUGH TRADITIONAL LOAN SOURCES.


AND LET US PUT YOU BACK ON THE ROAD TO FINANCIAL RECOVERY

GEORGIA RESIDENTIAL MORTGAGE LICENSEE    

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CONTACT INFORMATION
Wimbley Alexander
Real Estate Mortgage Group
404-294-6107
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