CREDIT CARDS
There is no collateral needed when applying for this product to help the customer consolidate debt.
Credit card/ unsecured
Variable rate line of credit secured by a home that is flexible for purchases over time. As the balance is paid down, the line becomes available to use.
HELOC
You uncovered in the Greenprint that your customer is interested in potentially refinancing their mortgage to payoff over $20,000 in credit card debt. This is your next step in the process in assisting the customer.
Refer to your Mortgage Lending Officer
Screen where you will find Payoff Debts within Green print
Financial Goal Screen
The Regions Credit Card which offers 3-2-1 Rewards
Prestige
Fixed rate, term, and payment amount for customers who are opposed to having an open-end line of credit. Fully amortizing, no balloon option available.
HELOAN
T/F- Customer would not want to refinance their mortgage right now due to the rates.
False, some customers would be able to save money or reduce their monthly payments with refi
Within Greenprint this is where you find product information to better help you explain debt consolidation solutions to your customers.
Product links on Recommendation Page
Number of days a customer has to take advantage of the 0% balance transfer offer on any of our Regions Credit Cards.
60 days
This feature gives customers an option to lock a portion or all their balance into a fixed term and fixed payment. As the fixed rate balance is paid down, available variable rate balance increases.
LOAN in LINE
This is how long a customer must be with us before they can apply for an unsecured loan.
6- month deposit relationship
On this KRIS document you locate state codes for entering calculations in mainframe
How to Calculate Range of Payments in ACAPS
This is the fee the customer pays to move their credit card balance to Regions.
Balance Transfer Fee which 4% of the amount being transferred or a minimum of $10.00
This is what LTV stands for and is our maximum LTV.
Loan to Value, 80%
Minimum loan amount and maximum loan amount on an unsecured loan.
$2,000-$50,000
This is what you say if a customer does not mention paying off debts as a financial goal.
Many of my customers have benefited/saved money by reducing their monthly payments. is that something you would like to do?