Mr. and Mrs. O'Neal took over the payments for their son’s home two years ago. Their son was about to lose his home as a result of a job loss as well as a divorce.

The O'Neal’s had wanted to refinance their home and take some needed cash-out for a new roof and to repair a falling brick wall.

Their previous lender had turned them down because, after having made the last 25 payments from their own checking account, there were three late payments.

Their credit union also turned them down because they weren’t on the title to the home. Their Fico scores were 528 (Mr.) and 526 (Mrs.).

They were gainfully employed. We were able to refinance their home by cashing out $38,000 – enough money for the new roof, a new brick wall, to pay-off some credit cards and still have some cash that they put into a savings account.