Perez – Refinance Spring 2014
To be honest, I’m not even sure where to begin. I moved to Minnesota and bought my home in spring of 2011 on a three year contract for deed. I was a bit naïve to the CFD process as this was my first official purchase of a home on my own. I knew it was risky, but I was so desperate to own my own home, I was willing to take the risk.
I had great credit but I was self-employed and my income wasn’t where it needed to be to qualify. There were other issue; debt to income ratios weren’t right, I had a myriad of student loans. After speaking with several loan officers that first year of the contract, things were looking pretty hopeless. This looming refinance essentially overtook my life. I wasn’t sleeping very well at night and I couldn’t remember a day when this refinance and pending balloon payment wasn’t something I thought about from the time I woke up till the time I went to sleep at night. I was scared at the end of the three years that my home would be taken from me. The unimagined stress it put me through is something I don’t know if I would be able to describe accurately here.
Phil Olson and the wonderful people at AMEC came as a recommendation. They told me that Phil was a bulldog. I knew that in order to close this loan with the complications that I faced I needed someone that was willing to fight for me. I put the entire refinance in his lap knowing that my future was in his hands. Not only was this my home, but it was the base of business operations for me and my business partner and my small humble team. It was my safety, my security, and it meant everything to me.
Putting my full faith and confidence in someone else wasn’t something I was used too. I have always been a go-getter and always tried to take initiative with my life. Giving that to someone else and relying on someone else’s expertise didn’t put me in a comfortable situation. I was wonder woman, I could do anything I ever wanted. But this was the one time…… that I needed help and I couldn’t do it alone. I felt vulnerable and afraid.
Phil is direct and he spoke a language that I understood. I knew how hard the loan would be but I knew if it could be done, Phil could do it. When he needed something I got it to him. As time went on I learned to trust which was hard…very hard. But he did everything he promised he would do. I don’t know how to this day and maybe I don’t need to know how….. but the fact that he was able to get to me to a closing table is nothing short of a miracle. There are no words that I can put here in this testimonial that would accurately describe the feelings that I had when I walked away from closing. Knowing that my home would not be taken from me and I fulfilled the obligations of that 3 year CFD. There was something very relieving knowing that maybe….. Just maybe I could finally get a good night’s sleep. It’s been so long I don’t even know what the feels like.
Some people use the term hero to describe people. We often think of firefighters or our wonderful men and women in the military ………or policemen. Never do we think of those people that work relentlessly to give us peace of mind and security….. which is the most important thing in people’s lives. Phil is my hero….. thank you at this point just doesn’t seem like enough.
White Bear Lake Minnesota
April 24, 2014