Mortgage Industry

By: Brenda R (View Profile)

Many changes need to come forward in this country and we need the mortgage companies to get realistic and work with people in a realistic manner. We were told by one mortgage company they couldn’t work with us only because their hands were tied by company policy  based all on credit score!!!!!

Many more foreclosures will be happen if changes aren’t made and quickly. Banks need to work with Americans also we keep them in business and they need reminders of this. We support local communities and banking industry. We all need to work together not against each other. Due to our experience and what has happened to us my husband suffered a heart attack from the stress and that’s what it took to get our home so we could finally say once again /we have our own home and not have to put our hard earned monies into a landlord's pocket. Renting is fine to start off with but when you have proven history of mortgage payments credit score shouldn’t be the only qualifying factor!!!!!!!!!!!!!!

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posted: 12.07.2007
Brenda R
thank you for your comment re my article on mortgages right to the point! base a persons dream on a number! having a great credit score doesnt always reflect a good payment history on bigger things like mortgages i know many have high credit scores but not for paying lifetime of mortgages off etc they are blindsided by #'s and this is sad! they said average credit score for az is 682 find it hard to believe wtih wages here too maybe on credit cards but not a lifetimes work! god bless you good luck amen!! things have to change big time in this country each individual case needs to be looked at not a #!!!!
posted: 12.06.2007
Ally
Hi Brenda, I feel your frustration. How do you judge a person who is wanting to live their dream by a number!
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