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Mortgage Of $40000 For Bad Credit New York Resident

$40000 Mortgage – New York City New York, Credit Score Of 489

  • Experian: 501 – The client had a bad Experian score
  • Transunion: 476 – Sana had a bad credit rating with Transunion.
  • Equifax: Sana’s Experian score was 489, which is a bad credit rating on the Experian system.
Client Profile: Sana Swingen of New York City, New York
  • Full name (Changed if requested): Sana Swingen
  • Current Credit: loans.hit.utils.Fico@3941a79c
  • Current City: New York City
  • State: New York
  • Zip code: 10025
  • Yearly income: $41,000
  • Current Job: insulation installer
  • Current County: New York
  • Goal Yearly Income: $114,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Signature Loan found in New York City, New York for $40000 with bad credit by Sana

Most clients have difficulty with obtaining signature loans in New York City, New York, and Sana is no exception. Sana went to 5 lending institutions or more before finding The Dime Savings Bank of New York, FSB, who offered Sana a signature loan for $40000. Most signature loans simply require a client, like Sana’s signature to get them, up to $22,000 in some cases. Sana was able to get $40000 as a mortgage, which is very high for a mortgage. Because signature loans do not require collateral, these loans tend to require better credit, as high as 774

9 Months Ago, Sana Attempted Finding a High Risk Loan for $27,000.00, and it was Easy

There is an ongoing struggle for borrowers to get high risk loans in a safe manner. a lot of high risk loans end up coming from loan sharks or similar lenders, which can be physically harmful to borrowers like Sana. Sana decided not to get a high risk loan this time. High Risk loans are given to terrible credit borrowers. Borrowers with credit scores as low as 475 can apply for a high risk loan and possibly can be accepted.

Personal Loan for an insulation installer named Sana in New York City, New York to Pay Off Meijer Platinum MasterCard Exclusive Benefits

Sana had a lot of credit card debt on their Astoria Bank Business Edition Visa Card with Absolute Rewards and their Newport News Credit Card, and they were starting to get in over their heads. Despite Sana’s job as an insulation installer, they struggled to make payments on the $21,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Debt Consolidation Will Assist Most Highly Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans vary from $20,000.00 to $50,000.00. They are normally used to pay off existing high interest loans like credit cards. Sana needed a debt consolidation loan to pay for their existing mortgage and their payday loan. Sana was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a tactic in the strategic borrowing method which changes your bad, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 2.6%.

Sana has a disappointing current gross income, but has a large amount of prospects

Sana has always wanted to be a public relations manager, but would have to attend Olivet Nazarene University again to achieve it. Sana has other prospects as well, including farm equipment mechanic, medical and scientific illustrator, and non-retail sales supervisor, which pay $55,000 through to $96,000 per year, on average. For this reason, we believe that Sana can pay for this mortgage of $40000.

Multiple past requests for credit have been made by Sana in the past, including one from The Callaway Bank in New York City, New York before Sana was approved for the $40000 by The Dime Savings Bank of New York, FSB

Sana made 5 previous attempts to obtain a mortgage, 2 of which were with The Callaway Bank, a lender in New York City, New York known to specialize in mortgages specifically. Before finding The Dime Savings Bank of New York, FSB, Sana was very concerned due to their inexperience and bad credit score.

Sana’s Transunion score was altered by the mortgage loan, changing to 476 from 489, which is normal in our experience.

Transunion Score: 476

Sana was declined by First State Bank 4 times prior to being approved by The Dime Savings Bank of New York, FSB at 589 Fifth Avenue

On September 14, 2009, Sana inquired about borrowing $21,000 from The Chase Manhattan Bank (National Association) with Arminda, their friend from just outside New York City, and even with the co-signer, Sana was rejected for this mortgage. With bad credit, it can be very hard to procure funding, even with collateral and a co-signer.

Installment loan for Sana, a graduate of Olivet Nazarene University and an insulation installer working for over $61,000 per year

Sana, an alumnus at Olivet Nazarene University and an insulation installer in New York City, New York wants a mortgage to purchase a new cell phone. Sana has instead chosen to get an installment loan for $29,000 and is at present seeking lenders like Key Bank to provide it.

Before applying for this mortgage, Sana had an Experian score of 501, which is bad, so The Dime Savings Bank of New York, FSB most likely cannot provide Sana a mortgage

Experian Score: 501

Paraphrased and Standardized Quote from Sana for this mortgage of $40000, provided by The Dime Savings Bank of New York, FSB

Hi, I am Sana and my hometown is New York City in New York. New York, county is where I grew up, and now I need a mortgage in New York for $40000 to buy a car. It has been difficult, but The Dime Savings Bank of New York, FSB really came through for me with this loan for 8.0% interest APR and a term of 18 years. I can repay the loan over the 18 year term, including interest. A big thanks to The Dime Savings Bank of New York, FSB for giving me a chance and my bad credit. It look me 6 years to create my credit to 489, and I won’t tarnish it any future. I’m happy with Find Texas Loans for helping me this far.

Sana’s Overall FICO score at the time of acceptance for a mortgage, taking into account their insulation installer job and their future career as a public relations manager

Fico Score: 489

Contact Details for The Dime Savings Bank of New York, FSB, the provider of this mortgage

  • The Dime Savings Bank of New York, FSB
  • City: New York City
  • State: New York
  • Address: 589 Fifth Avenue
  • County: New York
  • Zip code: 10017

Previous requests on Sana’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$16810.00 3 9.3% $536.9 Bankers Trust Company of Albany, National Association March 10, 2011
$17400.00 11 5.3% $174.24 Montgomery County Trust Company July 31, 2011
$16670.00 10 11.7% $236.28 Bank of Avoca April 14, 2012
$17200.00 6 6.2% $286.68 The State Bank of Belmont July 17, 2014

Fast Loans for Sana in New York City, New York to prevent bankruptcy or broken legs from debt collectors.

Fast loans in New York City, New York aren’t actually that difficult to obtain, particularly if you have some finesse like Sana. Sana was able to find a fast loan for $40000 from Endicott Trust Company and IBJ Whitehall Bank & Trust Company, but declined both offers in favor of their mortgage from The Dime Savings Bank of New York, FSB. The difference with a fast loan over a installment loan is in speed. Fast loans typically are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. A big difference if you are in a pinch.

When Sana was 20, they tried to obtain a student loan from 5 alternate lenders, which damaged their credit rating. Below is a list of Sana’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $39,000.00 on October 8, 2010
  • Attempt 2) Loan for $39,000.00 on March 27, 2013
  • Attempt 3) Loan for $22,000.00 on January 24, 2009
  • Attempt 4) Loan for $27,000.00 on October 27, 2011
  • Attempt 5) Loan for $36,000.00 on December 19, 2011

Conclusion of Sana’s mortgage

In the end, Sana was able to find a mortgage for $40000 with an interest rate of 5.0% interest APR from The Dime Savings Bank of New York, FSB in New York City, New York repayable over 18 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.