John and Jane Doe are both 40 years old with two children, ages 12 and 10. John is an assistant principal making $80,000 per year. He has been in the same school district for over 10 years, working in different positions. Jane works part-time, making around $14,000 per year. The couple has about $25,000 in equity on their current home and $30,000 in savings. They came to your office seeking a pre-approval for a new mortgage.

Needed an initial 10- to 12-slide presentation for your credit committee describing the couple's creditworthiness and your recommendation for pre-approval/denial. If you do pre-approve, include the maximum amount you would recommend.

	720+	690-720	650-690	600-650	Below 600
30 Year Loan	4%	+.25%	+1%	+1%	+2%
15 Year Loan	3%	+.15%	+.75%	+.75%	+1%
5/1 ARM	3.25%	same	+.5%	N/A	N/A
1/1 ARM	2.75%	same	+.5%	N/A	N/A

Additionally, create 3-5 slides outlining a new credit card you would like to offer to John and Jane Doe. Include your rationale and the limit you are suggesting.

Creditor	Type	Date Opened	Date Closed	Beg Balance/Limit	Current Balance	Payment	30+ Days Late	60+ Days Late	90+ Days Late
Open
Bank of America	Mortgage	6/1/2009		200,000	190,000	1,600	5	3	1
VyStar Credit Union	Auto	5/1/2014		35,000	21,000	750	8	4	2
MBNA	Credit Card	5/21/1999		10,000	9,500		10	10	5
Sallie Mae	Student Loans	8/31/1985		40,250	11,000	300	0	0	0
Navy Federal Credit	Auto	3/25/2012		19,000	1,500	350	5	4	2
HSBC	Credit Card	5/1/2015		5,000	5,000	100	0	0	0
Closed
VyStar	Auto	10/1/1988	10/1/1993	14,000	0	175	4	2	1
VyStar	Auto	4/1/1996	4/1/1999	18,000	0	245	3	2	1
VyStar	Auto	5/21/1999	5/21/2004	22,000	0	450	6	3	1
VyStar	Auto	10/1/2006	10/1/2010	30,000	0	600	7	5	3
Chase	Credit Card	6/1/1989	10/1/2005	1,000	0	25	12	6	3
Macy's	Credit Card	7/1/1995	10/1/2005	500	0	25	10	2	1
Target	Credit Card	8/1/2001	10/1/2005	500	0	25	14	1	1
Best Buy	Credit Card	9/1/2002	10/1/2005	2,500	0	25	9	6	3
Bank of America	Mortgage	4/1/1992	5/31/2009	100,000	0	800	3	2	1
Credit Scores
Dan	600
Roseanne	610