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24 Month, Variable Interest Mortgage For Casandra In Missouri

$52000 Mortgage – Hermann Missouri, Credit Rating Of 815

  • Experian: 826 – The client had an excellent Experian rating
  • Transunion: 798 – Casandra had an excellent credit score with Transunion.
  • Equifax: Casandra’s Experian score was 815, which is an excellent credit rating on the Experian scale.

Personal Loan for a hardwood floor finisher named Casandra in Hermann, Missouri to Pay Off Sleep Train Credit Card

Casandra had a tonne of credit card debt on their Fifth Third Business MasterCard and their Solvay Bank Visa Platinum Preferred Card, and they were starting to get in over their heads. Despite Casandra’s job as a hardwood floor finisher, they struggled to make payments on the $25,000.00 credit card balance, desperately needing assistance in the form of a personal loan.

Paraphrased and Standardized Quote from Casandra for this mortgage of $52000, provided by Bay-Hermann-Berger Bank

Hi, I am Casandra and I am from Hermann in Missouri. Gasconade, county is where I grew up, and now I need a mortgage in Missouri for $52000 to buy a big ticket item. It wasn’t easy, but Bay-Hermann-Berger Bank really came through for me with this loan for 6.4% 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 Bay-Hermann-Berger Bank for giving me a chance and my excellent credit. It look me 5 years to build my credit to 815, and I won’t tarnish it any future. I’m pleased with Find Texas Loans for assisting me this far.

Signature Loan acquired in Hermann, Missouri for $52000 with excellent credit by Casandra

Many prospective borrowers have difficulty with obtaining signature loans in Hermann, Missouri, and Casandra is no different. Casandra went to 8 lenders or more prior to settling on Bay-Hermann-Berger Bank, who offered Casandra a signature loan for $52000. Typical signature loans simply need a client, like Casandra’s signature to obtain them, up to $46,000 in some cases. Casandra was able to get $52000 as a mortgage, which is very high for a mortgage. Because signature loans don’t require a cosigner, they generally require higher credit, as high as 715

Before applying for this mortgage, Casandra had an Experian score of 826, which is excellent, so Bay-Hermann-Berger Bank likely cannot provide Casandra a mortgage

Experian Score: 826

Client Profile: Casandra Ingmire of Hermann, Missouri
  • Full name (Changed if requested): Casandra Ingmire
  • Current Credit: loans.hit.utils.Fico@46fbb2c1
  • Current City: Hermann
  • State: Missouri
  • Zip code: 65047
  • Yearly income: $38,000
  • Current Job: hardwood floor finisher
  • Current County: Gasconade
  • Goal Yearly Income: $113,000
  • Debt (Personal Loan, Credit Card, Payday Loan, etc): $9000

Installment loan for Casandra, a graduate of Arkansas State University – Newport and a hardwood floor finisher working for over $68,000 per year

Casandra, an alumnus at Arkansas State University – Newport and a hardwood floor finisher in Hermann, Missouri needs a mortgage to purchase a house. Casandra has instead chosen to obtain an installment loan for $4,000 and is currently seeking lenders like The Bank of Versailles to provide it.

Casandra’s Transunion score was changed by the mortgage loan, changing to 798 from 815, which is typical in our experience.

Transunion Score: 798

Casandra has a low current yearly income, but has a high number of prospects

Casandra has always wanted to be a criminal investigator, but would need attend Arkansas State University – Newport again to achieve it. Casandra has other prospects as well, including air crew officer, soil conservation technician, and school psychologist, which pay $51,000 through to $107,000 per year, at least. Because of this, we believe that Casandra can pay for this mortgage of $52000.

7 Months in the Past, Casandra Tried to Find a High Risk Loan for $28,000.00, and it was Easy

It is an well known struggle for borrowers 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 frightening to borrowers like Casandra. Casandra decided not to obtain a high risk loan this time. High Risk loans are generally given by lenders to very low credit individuals. Borrowers with credit ratings as low as 460 can apply for a high risk loan and possibly can be accepted.

Casandra was not approved by Commerce Bank of Tower Grove 7 times prior to being accepted by Bay-Hermann-Berger Bank at 501 Market Street

On November 24, 2010, Casandra inquired about borrowing $21,000 from Commerce Bank of Tower Grove with George, their friend from just outside Hermann, and even with the co-signer, Casandra was rejected for this mortgage. With excellent credit, it can be very hard to procure funding, even with collateral and a co-signer.

Fast Loans for Casandra in Hermann, Missouri to prevent bankruptcy or harm from debt collectors.

Fast loans in Hermann, Missouri aren’t actually that difficult to obtain, especially if you have some finesse like Casandra. Casandra was able to find a fast loan for $52000 from Commerce Bank of Moberly, National Association and Mercantile Bank of Franklin County, but turned down both offers in favor of their mortgage from Bay-Hermann-Berger Bank. The improvement with a fast loan over a personal loan is in speed. Fast loans usually are processed within 1 – 3 weeks, versus up to 5 weeks for debt consolidation loans. Much better if a borrower is in a pinch.

Casandra’s Overall FICO score at the time of acceptance for a mortgage, taking into account their hardwood floor finisher job and their future job as a criminal investigator

Fico Score: 815

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

  • Attempt 1) Loan for $24,000.00 on February 7, 2011
  • Attempt 2) Loan for $24,000.00 on April 24, 2012
  • Attempt 3) Loan for $28,000.00 on December 26, 2009
  • Attempt 4) Loan for $36,000.00 on December 13, 2012

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

Normal debt consolidation loans vary from $31,000.00 to $51,000.00. They are typically used to pay off existing high interest loans like credit cards. Casandra needed a debt consolidation loan to pay for their existing mortgage and their credit card. Casandra was able to find a mortgage in the end. Debt consolidation, or simply consolidation, is a technique in the debt snowball method which changes your dirty, high interest loans to a single reduced interest loan. Debt consolidation loans generally have interest rates that are low, like 4.0%.

Previous requests on Casandra’s credit

Principle in USD Term Length in Years Annual Percentage Rate Monthly Payment Lender’s Branch Name Date of Request
$61210.00 6 7.2% $1049.46 Camden County Bank November 13, 2009
$60890.00 11 7.4% $675.57 Glasgow Savings Bank August 8, 2012
$60670.00 7 9.6% $994.7 Central Bank January 27, 2013
$61250.00 7 8.3% $963.84 Midwest BankCentre March 16, 2014

Several previous requests for credit have been made by Casandra in the past, including one from First National Bank in Hermann, Missouri before Casandra was accepted for the $52000 by Bay-Hermann-Berger Bank

Casandra made 9 prior attempts to obtain a mortgage, 2 of which were with First National Bank, a lender in Hermann, Missouri known to specialize in mortgages specifically. Before finding Bay-Hermann-Berger Bank, Casandra was concerned due to their inexperience and excellent credit score.

Contact Details for Bay-Hermann-Berger Bank, the provider of this mortgage

  • Bay-Hermann-Berger Bank
  • City: Hermann
  • State: Missouri
  • Address: 501 Market Street
  • County: Gasconade
  • Zip code: 65041

Conclusion of Casandra’s mortgage

In the end, Casandra was able to find a mortgage for $52000 with an interest rate of 7.7% interest APR from Bay-Hermann-Berger Bank in Hermann, Missouri 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.