CONNECTICUT RESIDENTS ONLY:

Do you have bruised credit due to previous economic hardship, divorce, or sky-high medical bills? If so, we can help you buy a house, take cash out against the equity in your home, or lower your existing mortgage payment, all at the most competitive interest rates!

Our pledge to you:

  • Free Experian Credit report and analysis
  • No Application fee!
  • No cost pre-approval with several program options
    so you may make an informed decision
    on the financing package that’s best for you!

CALL JOE ROMANO JR. @ (203) 378-0411 BEFORE
PAYING ANY UP FRONT FEES AND NEVER PAY MORE THAN 2 POINTS ON A MORTGAGE FOR A
LESS THAN PERFECT CREDIT MORTGAGE

Our philosophy is to help borrowers get back on their feet with "Band-Aid" financing. "Band-Aid" financing allows people to repair their credit by making timely payments to creditors. Borrowers who keep their credit clean 12 to 24 months (depending on situation) may subsequently qualify to refinance their mortgage at the most competitive "bank" rates.

Below are some general guidelines that that will help you analyze your credit. Each person is unique and more information may be required in order to determine the optimum credit grade for your situation.

 

CREDIT
GRADE
 MORTGAGE
HISTORY		 REVOLVING,
INSTALLMENT AND OTHER DEBT		 LOAN TO VALUE (LTV’s)
RATIOS
A One 30 day late payment in the last 12 months Two 30 day late payments in the last 12 months. No foreclosures or bankruptcy within 36 months. Owner Occupied - 85%
No Income Check - 80%
Non Owner Occupied - 75%
B One 60 day late payment or unlimited 30 day late payments One 60 day late payment or unlimited 30 day late payments. No foreclosures or bankruptcy within
24 months		 Owner Occupied - 80%
No Income Check – 70%
Non Owner Occupied -70%
C One 90 day late payment or unlimited 30 and 60 day late payments. Five 90 day late payments or unlimited 30 and
60 day late payments.
No foreclosures or bankruptcy within
18 months.
 Owner Occupied – 70%
No Income Check – 65%
Non Owner Occupied - 60%
D Unlimited late mortgage payments Unlimited late payments. No foreclosures or bankruptcy within 12 months. Owner Occupied – 65%
No Income Check – 60%
Non Owner Occupied - 50%
E May be in foreclosure or bankruptcy. Unlimited late payments Owner Occupied – 60%


Loan to Value’s (LTV’s) on cash out mortgages may be lower and may be subject to dollar limitations.

A. J. Romano Mortgage Company & Financial Services, Inc.
is Lender/Broker licensed by the State of Connecticut Department of Banking