DRE License # 01215943
| What Credit Unions Say About AFF and Fred Arnold |
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"I just had to take the time and express our appreciation for the help you have provided us over the years." Fred Arnold, President American Family Funding 25001 The Old Road Stevenson Ranch, CA 91381 Fred, You may be surprised to get this letter from us since we speak with either you or your staff on a regular basis. I just had to take the time and express our appreciation for the help you have provided us over the years. We have expressed to you that our real estate portfolio has to be of high grade with low loans to value ratios. As you know, quite a few credit unions and banks have experienced either losses or potential losses from sub-prime real estate mortgages. We are happy to say that our current portfolio is free of any sub-prime loans and they are performing. This is partly due to your staff’s skills in reviewing and matching up borrowers with what we can offer. In a time when consumer loans are scarce, first mortgage real estate loans are needed even more as long as they are not sub-prime. We want to thank you for your honesty and understanding of our needs. We are also grateful for the automobile refinances, Home Equity Lines of Credit (HELOCs) and Second Deeds of Trust referrals you have provided us over the years. We are most appreciative of your personalized service. Through your professionalism and competence, we were able to build a strong real estate portfolio. It is a pleasure working with you and your staff. Sincerely, Dale Verderano President and Chief Executive Officer
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