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What I've learned from being in lending:
1. People have no idea how credit works. They have been given the basics and use that as their Bible. Study credit. It is free online. Understand how to build and keep a high score. NEWSFLASH: It is NOT hard.
1. People have no idea how credit works. They have been given the basics and use that as their Bible. Study credit. It is free online. Understand how to build and keep a high score. NEWSFLASH: It is NOT hard.
2. People really be trying to get over. People will really come into my office and ask the most illegal shit and expect me to say, "Yes, and as soon as you come back with all of these homemade documents that you just told me about, I'm going to approve you for a mortgage. 
NO!
NO!
3. People have really bad priorities. I've seen it all. Bottom line, you are hustling backwards if you are spending money on anything but repairing your credit. Example: 1yr renting $18k 1yr owning $12k Savings $6k debt causing bad credit $4k Any Questions?
4. Which brings us here: Forget saving. Fix your credit first. I've turned away several ppl who've come to me with several thousand dollars and several thousand in debt. Some were able to pay off the debt and come back in less than one month and got approved.
5. You don't need as much money down as you think you do. Most people close with less than $5k. There are programs. We're going to tell you about the programs. It's not your job to know the how. Your job is to be credit worthy.
6. For my ppl who auto finance Please Stop rolling cars over. Please! We hate to see it. I'm not like these other lenders. I work in a predominantly black community and my heart is in financial literacy, not highway robbery. But at the end of the day, it is your decision. Don't.
7. Know your debt to income ratio. Please stop coming into the bank wearing a T-Shirt with your yearly salary. We don't give a shit. You can still get denied like the rest of them. Get your debt down and then stick your chest out. Wear a Debt Free Tee. That'll get my signature.
