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Mortgage Of $152000 For Excellent Credit Illinois Resident

$152000 Mortgage – Champaign Illinois, Credit Score Of 784

  • Experian: 802 – The client had an excellent Experian rating
  • Transunion: 767 – Babette had an excellent credit rating with Transunion.
  • Equifax: Babette’s Experian score was 784, which is an excellent credit score on the Experian scale.

7 Months in the Past, Babette Attempted to Find a High Risk Loan for $20,000.00, and it was Hard

It is an existing struggle for clients to get high risk loans in a non-harmful manner. Many high risk loans end up originating loan sharks or similar lenders, which can be scary to borrowers like Babette. Babette chose not to get a high risk loan this time. High Risk loans are generally given by lenders to very low credit applicants. Individuals with credit scores as low as 516 can inquire for a high risk loan and have a chance to be approved.

Before applying for this mortgage, Babette had an Experian score of 802, which is excellent, so Strategic Capital Bank likely cannot provide Babette a mortgage

Experian Score: 802

Installment loan for Babette, a graduate of Gustavus Adolphus College and a forest and conservation technician working for over $60,000 per year

Babette, an alumnus at Gustavus Adolphus College and a forest and conservation technician in Champaign, Illinois needs a mortgage to purchase a new cell phone. Babette has instead chosen to obtain an installment loan for $1,000 and is at present seeking lenders like Greatbank Chicago to provide it.

Signature Loan easily acquired in Champaign, Illinois for $152000 with excellent credit by Babette

Many borrowers have difficulty with obtaining signature loans in Champaign, Illinois, and Babette is no exception. Babette went to 6 lenders or more prior to finding Strategic Capital Bank, who offered Babette a signature loan for $152000. Most signature loans simply require a client, like Babette’s signature to obtain them, up to $30,000 in some cases. Babette was able to get $152000 as a mortgage, which is very high for a mortgage. Since signature loans do not require collateral, these loans tend to need improved credit, as high as 765

Fast Loans for Babette in Champaign, Illinois to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Champaign, Illinois aren’t actually that difficult to obtain, particularly if you have some gumption like Babette. Babette was able to find a fast loan for $152000 from Amalgamated Bank of Chicago and Central National Bank of Mattoon, but declined both offers in favor of their mortgage from Strategic Capital Bank. The difference with a fast loan over a debt consolidation loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 7 weeks for installment loans. A big improvement if a client is in a pinch.

Paraphrased and Standardized Quote from Babette for this mortgage of $152000, provided by Strategic Capital Bank

Hello, I am Babette and my hometown is Champaign in Illinois. Champaign, county is where I grew up, and now I need a mortgage in Illinois for $152000 to renovate my home. It wasn’t easy, but Strategic Capital Bank really came through for me with this loan for 5.3% interest APR and a term of 24 years. I can probably repay the loan over the 24 year term, including interest. A big thanks to Strategic Capital Bank for trusting me and my excellent credit. It look me 8 years to build my credit to 784, and I won’t tarnish it any more. I’m pleased with Find Texas Loans for assisting me this far.

Many past requests for credit have been made by Babette in the past, including one from Redding Bank of Commerce in Champaign, Illinois before Babette was accepted for the $152000 by Strategic Capital Bank

Babette made 9 previous tries to obtain a mortgage, 2 of which were with Redding Bank of Commerce, a lending institution in Champaign, Illinois known to specialize in mortgages specifically. Before finding Strategic Capital Bank, Babette was very concerned due to their inexperience and excellent credit score.

Personal Loan for a forest and conservation technician named Babette in Champaign, Illinois to Pay Off University Federal Credit Union Credit Cards

Babette had a tonne of credit card debt on their DISTANCIA Visa Signature Card and their First Bank Platinum Plus MasterCard or Visa with WorldPoints Rewards, and they were starting to get in over their heads. Despite Babette’s job as a forest and conservation technician, they struggled to make payments on the $23,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

When Babette was 24, they attempted to obtain a student loan from 4 alternate lenders, which harmed their credit rating. Below is a chronology of Babette’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $22,000.00 on December 24, 2013
  • Attempt 2) Loan for $38,000.00 on May 24, 2010
  • Attempt 3) Loan for $36,000.00 on December 12, 2011
  • Attempt 4) Loan for $25,000.00 on July 29, 2010

Babette has a disappointing current total income, but has a high number of prospects

Babette has always wanted to be a nuclear monitoring technician, but would have to attend Gustavus Adolphus College again to become one. Babette has other prospects as well, including construction driller, correction officer, and military-enlisted personnel, which pay $50,000 through to $94,000 per year, at least. Because of this, we believe that Babette can pay for this mortgage of $152000.

Babette’s Overall FICO score at the time of acceptance for a mortgage, taking into account their forest and conservation technician job and their future career as a nuclear monitoring technician

Fico Score: 784

Debt Consolidation Can Help Any Deeply Indebted Borrower to Escape Bad Debts like Payday Loans

Average debt consolidation loans range from $22,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Babette needed a debt consolidation loan to pay for their existing mortgage and their credit card. Babette was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a tactic in the strategic borrowing method which converts your dirty, catastrophically high interest loans to one lower interest loan. Debt consolidation loans generally have interest rates as low as 3.3%.

Babette’s Transunion score was changed by the mortgage loan, changing to 767 from 784, which is typical in our experience.

Transunion Score: 767

Previous requests on Babette’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$116220.00 3 7.6% $3620.5 The Gerber State Bank January 20, 2013
$115810.00 6 6.3% $1935.75 The Belvidere National Bank and Trust Company June 21, 2013
$116140.00 8 8.4% $1665.54 Commerce Bank January 5, 2014
$115640.00 6 5.4% $1883.91 Byron Bank May 2, 2014

Contact Details for Strategic Capital Bank, the provider of this mortgage

  • Strategic Capital Bank
  • City: Champaign
  • State: Illinois
  • Address: 1608 Broadmoor Drive
  • County: Champaign
  • Zip code: 61821

Babette was declined by Harris Trust and Savings Bank 7 times prior to being accepted by Strategic Capital Bank at 1608 Broadmoor Drive

On July 6, 2011, Babette applied about borrowing $1,000 from Amalgamated Bank of Chicago with Maile, their in law from just outside Champaign, and even with the co-signer, Babette was rejected for this mortgage. With excellent credit, it can be a challenge to obtain financing, even with collateral and a co-signer.

Client Profile: Babette Mckeever of Champaign, Illinois
  • Full name (Changed if requested): Babette Mckeever
  • Current Credit: loans.hit.utils.Fico@5e9f23b4
  • Current City: Champaign
  • State: Illinois
  • Zip code: 61826
  • Yearly income: $35,000
  • Current Job: forest and conservation technician
  • Current County: Champaign
  • Goal Yearly Income: $136,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $4000

Conclusion of Babette’s mortgage

In the end, Babette was able to find a mortgage for $152000 with an interest rate of 8.7% interest APR from Strategic Capital Bank in Champaign, Illinois repayable over 24 years from now.

Will Alexander

Will Alexander has over 10 years of experience as a financial expert and writer. The goal of his work is to assist the people of Texas in finding loans for lower interest rates than they thought were possible. Will specializes in bad credit loans.

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Names of borrowers and lenders have been modified, substituted, or fictionalized for search and privacy purposes. Information presented here is for entertainment purposes only and should not be interpreted as the truth.