The Diamond in the Rough

In today's market, the borrowers ability to purchase a home has narrowed significantly. With lenders tightening guidelines over the past three years, it has been more difficult to qualify borrowers with less than average credit. Most Real Estate Agents and Lenders will not take the time to assist them and re-build their credit making their dream of home ownership possible.

Taking some extra time to help those in need can produce multiple transactions each year. Not only that but you may build a relationship for life with that person.

Now, you don't have to become a credit repair specialist. There are many companies out there at specialize in these repairs.

I work closely with Peak Credit Solutions and they have a great track record with increasing FICO scores and saving clients thousands in closing costs and interest over the life of a loan.

Here is a general example of how your credit score can influence a potential loan.

General fees on 80% loan to value and $417,000 financed.

FICO SCORE 640 - 659 = 2.25% or $9,382 in fees
FICO SCORE 700 - 719 = 0.75% or $3,127 in fees
FICO SCORE >740 = 0% or NO fees

Close more deals and get more referrals utilizing outside services. Feel free to contact me today if you have any questions about Peak Credit Solutions and their products.

May your transactions be smooth and your pipelines plenty full.

Adam