Do you have over $10,000 in Debt? Get Help now.

Mortgage With Reasonable APR In Cook County, Illinois

$138000 Mortgage – Chicago Illinois, Credit Score Of 626

  • Experian: 640 – They had a good Experian rating
  • Transunion: 611 – Sharilyn had a good credit rating with Transunion.
  • Equifax: Sharilyn’s Experian score was 626, which is a good credit score using the Experian scale.

Debt Consolidation Can Assist Most Deeply Indebted Borrower to Escape Bad Debts like Loan Sharks

Average debt consolidation loans vary from $20,000.00 to $59,000.00. They are mainly used to pay off existing high interest loans like credit cards. Sharilyn needed a debt consolidation loan to pay for their existing mortgage and their payday loan. Sharilyn was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which changes your bad, catastrophically high interest loans to one reduced interest loan. Debt consolidation loans generally have interest rates as low as 2.2%.

Sharilyn has a sad current total income, but has a high number of prospects

Sharilyn has always wanted to be an insurance estate planner, but would need attend Widener University again to achieve it. Sharilyn has other possibilities as well, including credit analyst, model maker, and bus driver, which pay $59,000 through to $92,000 per year, at least. Because of this, we believe that Sharilyn can pay for this mortgage of $138000.

Contact Details for Brighton Federal Savings and Loan Association, the provider of this mortgage

  • Brighton Federal Savings and Loan Association
  • City: Chicago
  • State: Illinois
  • Address: 4071 S Archer Ave
  • County: Cook
  • Zip code: 60632
Client Profile: Sharilyn Schattschneid of Chicago, Illinois
  • Full name (Changed if requested): Sharilyn Schattschneid
  • Current Credit: loans.hit.utils.Fico@7daf6ecc
  • Current City: Chicago
  • State: Illinois
  • Zip code: 60640
  • Yearly income: $61,000
  • Current Job: manual arts therapist
  • Current County: Cook
  • Goal Yearly Income: $104,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $2000

Personal Loan for a manual arts therapist named Sharilyn in Chicago, Illinois to Pay Off LANPASS Visa Card

Sharilyn had a lot of credit card debt on their First Commercial Bank Fleet Credit Card and their Nebraska Humane Society Visa Platinum Rewards Card, and they were starting to get in over their heads. Despite Sharilyn’s job as a manual arts therapist, they struggled to make payments on the $20,000.00 credit card balance, badly needing assistance in the form of a personal loan.

Signature Loan found in Chicago, Illinois for $138000 with good credit by Sharilyn

A lot of prospective borrowers have difficulty with obtaining signature loans in Chicago, Illinois, and Sharilyn is no exception. Sharilyn went to 6 lenders or more before settling on Brighton Federal Savings and Loan Association, who offered Sharilyn a signature loan for $138000. Most signature loans simply need a client, like Sharilyn’s signature to get them, up to $35,000 in some cases. Sharilyn was able to get $138000 as a mortgage, which is very high for a mortgage. Since signature loans don’t need a cosigner, they tend to require improved credit, as high as 757

Installment loan for Sharilyn, a graduate of Widener University and a manual arts therapist working for over $72,000 per year

Sharilyn, an alumnus at Widener University and a manual arts therapist in Chicago, Illinois wants a mortgage to purchase a house. Sharilyn has instead decided to get an installment loan for $4,000 and is currently seeking lenders like First Chicago Bank of Oak Park to provide it.

7 Months Ago, Sharilyn Attempted to Find a High Risk Loan for $37,000.00, and it was Easy

It is an well known struggle for borrowers to get high risk loans in a safe manner. a lot of high risk loans end up originating loan sharks or similar lenders, which can be frightening to borrowers like Sharilyn. Sharilyn chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to very low credit individuals. Borrowers with credit scores as low as 335 can apply for a high risk loan and possibly can be approved.

Paraphrased and Standardized Quote from Sharilyn for this mortgage of $138000, provided by Brighton Federal Savings and Loan Association

Hello, I am Sharilyn and I’m from Chicago in Illinois. Cook, county is where I grew up, and now I need a mortgage in Illinois for $138000 to buy a big ticket item. It has been difficult, but Brighton Federal Savings and Loan Association really came through for me with this loan for 8.8% interest APR and a term of 7 years. I can probably repay the loan over the 7 year term, including interest. A big thanks to Brighton Federal Savings and Loan Association for giving me a chance and my good credit. It look me 7 years to create my credit to 626, and I won’t harm it any future. I’m happy with Find Texas Loans for assisting me this far.

Before applying for this mortgage, Sharilyn had an Experian score of 640, which is good, so Brighton Federal Savings and Loan Association likely cannot provide Sharilyn a mortgage

Experian Score: 640

Several other requests for credit have been made by Sharilyn in the past, including one from Mercantile Bank of Monett in Chicago, Illinois before Sharilyn was approved for the $138000 by Brighton Federal Savings and Loan Association

Sharilyn made 8 previous tries to obtain a mortgage, 2 of which were with Mercantile Bank of Monett, a bank in Chicago, Illinois known to specialize in mortgages specifically. Prior to finding Brighton Federal Savings and Loan Association, Sharilyn was desperate due to their inexperience and good credit score.

Sharilyn’s Transunion score was changed by the mortgage loan, changing to 611 from 626, which is normal in our experience.

Transunion Score: 611

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

Fast loans in Chicago, Illinois aren’t actually that difficult to obtain, especially if you have some finesse like Sharilyn. Sharilyn was able to find a fast loan for $138000 from Bank One, Illinois, National Association and State Bank of Clearing, but turned down both offers in favor of their mortgage from Brighton Federal Savings and Loan Association. The difference with a fast loan over a installment loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for personal loans. An improvement in the case that you are on the go.

When Sharilyn was 19, they attempted to obtain a student loan from 5 alternate banks, which harmed their credit rating. Below is a chronology of Sharilyn’s prior attempts at finding a student loan:

  • Attempt 1) Loan for $36,000.00 on February 2, 2012
  • Attempt 2) Loan for $26,000.00 on January 18, 2011
  • Attempt 3) Loan for $20,000.00 on January 29, 2010
  • Attempt 4) Loan for $24,000.00 on August 26, 2012
  • Attempt 5) Loan for $26,000.00 on January 18, 2009

Sharilyn was declined by Central National Bank of Mattoon 6 times prior to being granted funding by Brighton Federal Savings and Loan Association at 4071 S Archer Ave

On May 27, 2011, Sharilyn inquired about borrowing $32,000 from LaSalle Bank NI with Digna, their in law from just outside Chicago, and even with the co-signer, Sharilyn was rejected for this mortgage. With good credit, it can be difficult to obtain funding, even with collateral and a co-signer.

Sharilyn’s Overall FICO score at the time of acceptance for a mortgage, taking into account their manual arts therapist job and their future career as an insurance estate planner

Fico Score: 626

Previous requests on Sharilyn’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$116350.00 7 8.5% $1842.58 The Gerber State Bank May 11, 2011
$116160.00 6 6.6% $1958.18 The Belvidere National Bank and Trust Company April 2, 2013
$116150.00 10 7.4% $1372.67 Commerce Bank July 21, 2013
$116460.00 7 11.4% $2018.66 Byron Bank November 28, 2013
$116370.00 7 8.1% $1819.57 Amalgamated Bank of Chicago May 6, 2014

Conclusion of Sharilyn’s mortgage

In the end, Sharilyn was able to find a mortgage for $138000 with an interest rate of 5.6% interest APR from Brighton Federal Savings and Loan Association in Chicago, Illinois repayable over 7 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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.