In December, a couple called in with scores that needed improving in order to become qualified for a home purchase.  This is an actual example, but for privacy reasons, we will call this couple Mitch and Brenda.  This is an example of how Maple Tree Funding can assist a client to get ready for a home purchase.  We do not outsource our credit improvement plans; we handle this within our company.

We ran separate Credit Repair Programs on each client; Mitch’s results showed that in 1 Month, his score could increase by 56 Points!   Cash needed for Mitch = ZERO Dollars.  All he needed to do was open a secured credit card with a credit limit of at least $300.  He then needed to charge $10 on the new amount; wait 30 days for this card to report, and his score would jump 56 Points!  This would make him credit-qualified.

Brenda was in the same situation as Mitch.  She would not have to pay down any debts (which can increase scores most of the time).  Brenda would need to open a secure card with at least a $500 limit and charge $10 as well.  This would increase her score by 36 points, then by making on-time payments on her other bills for 30 days, her score would increase a total of 41 Points!  This would put Brenda in a credit-qualified position as well and the couple will now be able to purchase their new home!  (They are now house hunting)

This is an actual Credit Repair Scenario that we have successfully run using our Credit Repair Software.  Results will vary; some may need to pay down balances as well.

If you don’t know your score and you are currently in the market or think you will be buying in the next few months, it’s best to get pre-qualified first.  This will give you a chance to work on your credit and get your score in the best possible condition for your future purchase.

Thank You,

Maple Tree Funding

Contact us at 655-LOAN or Blog@mapletreefunding.com for more information.

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With one credit report (Experian, TransUnion, & Equifax FICO scores) Maple Tree Funding is able to shop your Home Mortgage file to dozens of banks.  We are able to review Conventional Loans, FHA Loans, VA Loans, USDA Loans, and more…

People may ask why use a broker?  There are so many benefits to using a broker that I will send you to our link on our website that explains the Benefits of a Broker.  Please click on the Benefits of a Broker link to view our website page.

Since this Friday is “Black Friday” and the shopping frenzy will be taking place, I figured it was a great time to write about the Broker advantage, especially, the Maple Tree Funding advantage.  Think of us as your one stop shopping store for a Home Purchase or Home Refinance.  We have the comfort feeling of a Brick and Mortar store as you can come in to talk to our Licensed Mortgage Loan Originators in either our Latham or Queensbury office, or feel free to go on-line and experience the “Amazon Feel” as we can assist you on-line and over the phone.  We can also setup an appointment and come meet you!

Shopping with only one credit report is just one aspect Maple Tree Funding has that other Local Banks do not… try carrying your credit report from bank to bank and you’ll see what I mean.

All Mortgage Loan Originators from Maple Tree Funding are Licensed throughNew YorkState.  We are professionals here to serve you!

Have a great Thanksgiving!

Maple Tree Funding

http://www.mapletreefunding.com/

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