$87000 Home Loan – Ludington Michigan, Credit Score Of 725
- Experian: 736 – The client had an excellent Experian rating
- Transunion: 707 – Jannette had an excellent credit score with Transunion.
- Equifax: Jannette’s Experian score was 725, which is an excellent credit rating using the Experian rating scheme.
- Full name (Changed if requested): Jannette Minnich
- Current Credit: loans.hit.utils.Fico@1f17ae12
- Current City: Ludington
- State: Michigan
- Zip code: 49440
- Yearly income: $47,000
- Current Job: immigration inspector
- Current County: Mason
- Goal Yearly Income: $87,000
- Debt (Personal Loan, Credit Card, Payday Loan, etc): $5000
Before applying for this home loan, Jannette had an Experian score of 736, which is excellent, so Old Kent Bank of Ludington probably cannot provide Jannette a home loan
Previous requests on Jannette’s credit
|Principle in USD||Term Length in Years||Annual Percentage Rate||Monthly Payment||Lender’s Branch Name||Date of Request|
|$18270.00||10||5.3%||$196.47||Society Bank, Lenawee||January 5, 2013|
|$18210.00||5||10.3%||$389.6||Bank of Lenawee||October 27, 2014|
|$18200.00||9||8.4%||$240.73||First of America Bank – Alpena||May 27, 2015|
|$18310.00||9||7.7%||$235.54||NBD Ann Arbor, National Association||August 29, 2015|
|$17670.00||8||7.1%||$241.79||First of America Bank – Mid Michigan, National Association||October 3, 2015|
Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Credit Card Debt
Normal debt consolidation loans range from $33,000.00 to $53,000.00. They are normally used to pay off existing high interest loans like credit cards. Jannette required a debt consolidation loan to pay for their existing home loan and their credit card. Jannette was able to find a home loan in the end. Debt consolidation, or just consolidation, is a tactic in the debt snowball method which transfers your less desirable, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates that are low, like 2.8%.
Personal Loan for an immigration inspector named Jannette in Ludington, Michigan to Pay Off First National Bank Omaha BucksBack Platinum Edition Visa Card
Jannette had a tonne of credit card debt on their Eddie Bauer Credit Card and their Miles for Hope Platinum Rewards Visa Card, and they were starting to get in over their heads. Despite Jannette’s job as an immigration inspector, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.
When Jannette was 20, they attempted to obtain a student loan from 4 different banks, which damaged their credit score. Below is a list of Jannette’s prior attempts at finding a student loan:
- Attempt 1) Loan for $36,000.00 on June 19, 2010
- Attempt 2) Loan for $34,000.00 on July 23, 2011
- Attempt 3) Loan for $25,000.00 on October 12, 2009
- Attempt 4) Loan for $35,000.00 on March 4, 2010
Jannette was not approved by Fifth Third Bank 5 times before being approved by Old Kent Bank of Ludington at 124 South James Street
On March 4, 2012, Jannette inquired about borrowing $46,000 from Old Kent Bank of Grand Haven with Tyrell, their friend from just outside Ludington, and even with the co-signer, Jannette was rejected for this home loan. With excellent credit, it can be challenging to obtain funding, even with collateral and a co-signer.
Jannette has a very low current yearly income, but has a large amount of prospects
Jannette has always wanted to be a textile designer, but would need attend Northern Baptist Theological Seminary again to achieve it. Jannette has other prospects as well, including radio & tv talk show host, environmental research analyst, and residence counselor, which pay $51,000 through to $91,000 per year, on average. Because of this, we think that Jannette can pay for this home loan of $87000.
Fast Loans for Jannette in Ludington, Michigan to prevent bankruptcy or bodily harm from debt collectors.
Fast loans in Ludington, Michigan aren’t actually that difficult to obtain, particularly if you have some finesse like Jannette. Jannette was able to find a fast loan for $87000 from Citizens State Bank and Blissfield State Bank, but turned down both offers in favor of their home loan from Old Kent Bank of Ludington. The improvement with a fast loan over a personal loan is in speed. Fast loans normally are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. An improvement if a client is in a time sensitive situation.
Many past requests for credit have been made by Jannette in the past, including one from West Pointe Bank and Trust Company in Ludington, Michigan before Jannette was approved for the $87000 by Old Kent Bank of Ludington
Jannette made 4 previous tries to obtain a home loan, 2 of which were with West Pointe Bank and Trust Company, a bank in Ludington, Michigan known to specialize in home loans specifically. Before finding Old Kent Bank of Ludington, Jannette was very concerned due to their inexperience and excellent credit score.
Paraphrased and Standardized Quote from Jannette for this home loan of $87000, provided by Old Kent Bank of Ludington
Hi, I am Jannette and I’m from Ludington in Michigan. Mason, county is where I grew up, and now I need a home loan in Michigan for $87000 to renovate my home. It has been difficult, but Old Kent Bank of Ludington really came through for me with this loan for 11.3% interest APR and a term of 3 years. I can probably repay the loan over the 3 year term, including interest. A big thanks to Old Kent Bank of Ludington for giving me a chance and my excellent credit. It look me 4 years to build my credit to 725, and I won’t harm it any more. I am pleased with Find Texas Loans for assisting me this far.
Installment loan for Jannette, a graduate of Northern Baptist Theological Seminary and an immigration inspector working for over $73,000 per year
Jannette, an alumnus at Northern Baptist Theological Seminary and an immigration inspector in Ludington, Michigan needs a home loan to purchase a house. Jannette has instead chosen to obtain an installment loan for $19,000 and is at present seeking lenders like First of America Bank – Alpena to process their request.
7 Months in the Past, Jannette Tried to Find a High Risk Loan for $26,000.00, and it was Easy
There is an ongoing struggle for clients to find high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Jannette. Jannette chose not to obtain a high risk loan this time. High Risk loans are generally given by lenders to terrible credit clients. Borrowers with credit scores as low as 525 can apply for a high risk loan and possibly can be approved.
Signature Loan found in Ludington, Michigan for $87000 with excellent credit by Jannette
A lot of prospective borrowers have difficulty with finding signature loans in Ludington, Michigan, and Jannette is no different. Jannette went to 6 lenders or more before settling on Old Kent Bank of Ludington, who offered Jannette a signature loan for $87000. Typical signature loans simply require a client, like Jannette’s signature to obtain them, up to $38,000 in some cases. Jannette was able to get $87000 as a home loan, which is very high for a home loan. Because signature loans do not need a cosigner, they generally require higher credit, as high as 742
Contact Details for Old Kent Bank of Ludington, the provider of this home loan
- Old Kent Bank of Ludington
- City: Ludington
- State: Michigan
- Address: 124 South James Street
- County: Mason
- Zip code: 49431
Jannette’s Transunion score was changed by the home loan loan, changing to 707 from 725, which is typical in our experience.
Jannette’s Overall FICO score at the time of acceptance for a home loan, taking into account their immigration inspector job and their future career as a textile designer
Conclusion of Jannette’s home loan
In the end, Jannette was able to find a home loan for $87000 with an interest rate of 5.5% interest APR from Old Kent Bank of Ludington in Ludington, Michigan repayable over 3 years from now.