QUALIFYING

QUALIFYING FOR THE MONEY MERGED ACOUNT

1. Credit Score. Make sure your credit score is above 580.

2. No missed mortgage payments in the last 12 months.

3. Sufficient equity in the property to qualify for a "Home Equity Line Of Credit" (HELOC).

    Formula: (Home value x 90%) - Mortgage amount = Equity.

4. Credit Line.

    Formula: (Income + Expenses) + (5 Times Discretionary Income) = Credit Line.