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Success Story: How We Helped Our Client Save $1,018 Dollars a Month



*For the purposes of this article, we will refer to our happy client as Graham. The details and results depicted in this client success story are for informational purposes only. Results may vary and are dependent on each person's specific financial situation and ability to qualify. 

When applying for a home loan, many people’s first thought is the rate. However, since everyone’s individual financial situation is different, a lender that advertises lower rates may not be the best choice. Scott Morse is the kind of lending company that clients want to work with for their whole lives because he goes beyond highly competitive rates by offering sound advice and on-time closings.

Graham, one of our clients, put Scott’s expertise to the test. When he came to Scott, Graham was neck-deep in credit card debt, which was bringing down his credit score to qualify for an optimal interest rate. In addition to Graham’s credit troubles, he also had an upcoming balloon payment (a one-time payment that pays off the loan’s remaining principal; this can be hundreds of thousands of dollars). Graham didn’t just need quality lender service, he needed timely assistance as well.

Rising up to the challenge, Scott went to work on tackling Graham’s tough situation. The first step was to work with Graham and credit companies to resolve parts of Graham’s credit card debt and restructure his payment schedules. In the end, Scott was able to help Graham reduce his monthly credit card debt by almost $500 dollars through this strategy. Now, Graham could put that extra money toward his mortgage.

Scott then went to work on Graham’s credit score by using a credit enhancement program. By strategically paying off debt, Graham’s credit score went up by over 50 points. With a better credit score, Graham was now able to qualify for more competitive mortgage product which resulted in thousands of dollars in long-term savings. Graham’s new 700+ credit score and new mortgage helped him reduce his mortgage payment by roughly $400 dollars per month.

Not only did Scott help Graham improve his future financial health by raising his credit score, he was also able to make his monthly debt obligations more manageable and saved him from a major financial setback by refinancing his loan before the balloon payment was due. Ever since we brought Graham into the RWM Home Loans family, Scott consistently keeps in touch with him and provides yearly checkups to re-evaluate whether or not Graham’s mortgage is the best possible fit for him.

Scott and everyone else at RWM Home Loans take pride in finding the right mortgage for their clients’ unique financial situations. Give Scott a call today so that we can give you guidance and help you qualify for a loan. He has over 20 years of experience in the industry and lives to help his clients. You’ll often hear Scott say “you have to be able to sleep at night and make the payments.” We look forward to bringing you into the RWM Home Loans family.


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Financing details are for informational purposes only and should not be relied upon by you. Rates, program terms, fees, and conditions are subject to change without notice. Not all products are available in all states for all amounts. All mortgage applications are subject to underwriting guidelines and approval. This is not an offer of credit or a commitment to lend. Residential Wholesale Mortgage, Inc. is licensed by the CA Bureau of Real Estate #01174642 and Department of Business Oversight under the California Residential Mortgage Lending Act. NMLS# 79445

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