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Mortgage With Reasonable APR In Lincoln County, Maine

$84000 Mortgage – Waldoboro Maine, Credit Score Of 346

  • Experian: 364 – This client had a terrible Experian rating
  • Transunion: 328 – Dolly had a terrible credit score with Transunion.
  • Equifax: Dolly’s Experian score was 346, which is a terrible credit rating on the Experian system.

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

Most debt consolidation loans range from $39,000.00 to $47,000.00. They are typically used to pay off existing high interest loans like credit cards. Dolly needed a debt consolidation loan to pay for their existing mortgage and their credit card. Dolly was able to find a mortgage in the end. Debt consolidation, or just consolidation, is a technique in the debt snowball method which transfers your dirty, high interest loans to a single lower interest loan. Debt consolidation loans usually have interest rates as low as 3.1%.

Paraphrased and Standardized Quote from Dolly for this mortgage of $84000, provided by The Waldoboro Bank F.S.B.

Hi, I am Dolly and I am from Waldoboro in Maine. Lincoln, county is where I grew up, and now I need a mortgage in Maine for $84000 to buy a big ticket item. It wasn’t easy, but The Waldoboro Bank F.S.B. really came through for me with this loan for 9.6% interest APR and a term of 3 years. I can repay the loan over the 3 year term, including interest. A big thanks to The Waldoboro Bank F.S.B. for trusting me and my terrible credit. It look me 4 years to create my credit to 346, and I won’t tarnish it any more. I’m happy with Find Texas Loans for assisting me this far.

Contact Details for The Waldoboro Bank F.S.B., the provider of this mortgage

  • The Waldoboro Bank F.S.B.
  • City: Waldoboro
  • State: Maine
  • Address: Route One
  • County: Lincoln
  • Zip code: 4572

7 Months Ago, Dolly Attempted to Find a High Risk Loan for $26,000.00, and it was Easy

It is an existing struggle for borrowers to find high risk loans in a non-harmful way. Many high risk loans end up originating loan sharks or the like, which can be scary to borrowers like Dolly. Dolly chose not to get a high risk loan this time. High Risk loans are the instrument of choice, and are given to bad credit borrowers. Individuals with credit ratings as low as 443 can apply for a high risk loan and have a chance to be approved.

Dolly’s Transunion score was changed by the mortgage loan, changing to 328 from 346, which is typical in our experience.

Transunion Score: 328

Dolly has a very low current yearly income, but has several of prospects

Dolly has always wanted to be an administrative service manager, but would need attend Joliet Junior College again to become one. Dolly has other possibilities as well, including computer hardware technician, casting director, and logging worker supervisor, which pay $51,000 through to $92,000 per year, on average. For this reason, we believe that Dolly can pay for this mortgage of $84000.

Signature Loan easily acquired in Waldoboro, Maine for $84000 with terrible credit by Dolly

Many borrowers have difficulty with obtaining signature loans in Waldoboro, Maine, and Dolly is no different. Dolly went to 6 lending institutions or more before finding The Waldoboro Bank F.S.B., who offered Dolly a signature loan for $84000. Typical signature loans simply need a client, like Dolly’s signature to obtain them, up to $28,000 in some cases. Dolly was able to get $84000 as a mortgage, which is very high for a mortgage. Because signature loans do not need a cosigner, they tend to need higher credit, as high as 778

Installment loan for Dolly, a graduate of Joliet Junior College and an administrative law judge working for over $62,000 per year

Dolly, an alumnus at Joliet Junior College and an administrative law judge in Waldoboro, Maine needs a mortgage to purchase a house. Dolly has instead decided to obtain an installment loan for $17,000 and is at present seeking lenders like Key Bank of Northern Maine to provide it.

Fast Loans for Dolly in Waldoboro, Maine to prevent bankruptcy or broken legs from debt collectors.

Fast loans in Waldoboro, Maine aren’t actually that difficult to obtain, particularly if you have some gumption like Dolly. Dolly was able to find a fast loan for $84000 from Norway National Bank and Eastport Savings Bank, but turned down both offers in favor of their mortgage from The Waldoboro Bank F.S.B.. 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. Much better in the case that a borrower is on the go.

Dolly was rejected by The National Bank of Gardiner 5 times before being approved by The Waldoboro Bank F.S.B. at Route One

On June 20, 2011, Dolly inquired about borrowing $23,000 from Casco Northern Bank, National Association with Bryanna, their friend from just outside Waldoboro, and even with the co-signer, Dolly was rejected for this mortgage. With terrible credit, it can be difficult to procure financing, even with collateral and a co-signer.

Client Profile: Dolly Zellmann of Waldoboro, Maine
  • Full name (Changed if requested): Dolly Zellmann
  • Current Credit: loans.hit.utils.Fico@ba8a1dc
  • Current City: Waldoboro
  • State: Maine
  • Zip code: 4580
  • Yearly income: $44,000
  • Current Job: administrative law judge
  • Current County: Lincoln
  • Goal Yearly Income: $126,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

When Dolly was 19, they tried to obtain a student loan from 7 alternate lenders, which damaged their credit rating. Below is a list of Dolly’s previous attempts at finding a student loan:

  • Attempt 1) Loan for $34,000.00 on April 8, 2013
  • Attempt 2) Loan for $28,000.00 on January 2, 2011
  • Attempt 3) Loan for $35,000.00 on October 14, 2009
  • Attempt 4) Loan for $34,000.00 on June 17, 2010
  • Attempt 5) Loan for $34,000.00 on January 23, 2009
  • Attempt 6) Loan for $36,000.00 on July 3, 2009
  • Attempt 7) Loan for $35,000.00 on September 28, 2010

Personal Loan for an administrative law judge named Dolly in Waldoboro, Maine to Pay Off Christopher & Banks Credit Card

Dolly had a tonne of credit card debt on their Associated Bank Visa Business Bonus Rewards PLUS Card and their State Farm Rewards Visa Credit Card, and they were starting to get in over their heads. Despite Dolly’s job as an administrative law judge, they struggled to make payments on the $26,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Several past requests for credit have been made by Dolly in the past, including one from Missouri Bridge Bank, National Association d/b/a New Metro North in Waldoboro, Maine before Dolly was accepted for the $84000 by The Waldoboro Bank F.S.B.

Dolly made 9 previous tries to obtain a mortgage, 2 of which were with Missouri Bridge Bank, National Association d/b/a New Metro North, a bank in Waldoboro, Maine known to specialize in mortgages specifically. Before finding The Waldoboro Bank F.S.B., Dolly was desperate due to their inexperience and terrible credit score.

Previous requests on Dolly’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$132380.00 6 11.8% $2574.31 Fleet Bank of Maine February 14, 2011
$132370.00 6 7.1% $2263.14 Union Trust Company December 10, 2012
$131760.00 11 5.7% $1345.89 Northeast Bank of Sanford October 31, 2014
$132350.00 5 9.6% $2786.07 Bank of Maine, N. A. February 13, 2015

Before applying for this mortgage, Dolly had an Experian score of 364, which is terrible, so The Waldoboro Bank F.S.B. probably cannot provide Dolly a mortgage

Experian Score: 364

Dolly’s Overall FICO score at the time of acceptance for a mortgage, taking into account their administrative law judge job and their future job as an administrative service manager

Fico Score: 346

Conclusion of Dolly’s mortgage

In the end, Dolly was able to find a mortgage for $84000 with an interest rate of 5.5% interest APR from The Waldoboro Bank F.S.B. in Waldoboro, Maine repayable over 3 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.