Term: home loans
5 found

The One Graph That Explains Why a Good FICO Score Matters for Homebuyers

By Steven Shaw on 4/17/2015

The One Graph That Explains Why a Good FICO Score Matters for Homebuyers

When it comes to buying a home, there’s a lot more to the process than just finding an affordable home for sale and having enough money for a down payment. Most people need loans to finance such a large purchase, but even as the housing market has rebounded from the foreclosure crisis and low property values of 2010, mortgages remain very difficult to acquire. A report from the Urban Institute, a Washington-based economic-policy research group, concludes that 1.25 million more mortgages could have been made in 2013 on the basis of conservative lending standards practiced in 2001, years before the housing bubble began to inflate.

credit score
FICO Score
Home Loan
home loans
Mortgage

The First Thing to Do Before Buying a Home

By Steven Shaw on 2/22/2013

The First Thing to do Before Buying a Home

Home prices in most parts of the country are just about as affordable as they are likely to get, and mortgage rates remain super low. Together, those factors mean that many people are thinking about buying a home. Some will be first-time homebuyers, while others will be “boomerang” buyers who lost their homes in the housing meltdown but are now hoping to get back in. Still others may see this as the best time to upgrade to a larger home, downsize to a smaller one, or to move to the retirement locale of their dreams.
credit score
home loans
mortgages

Is this housing recovery real?

By Steve Ely on 2/6/2013

There are many signs that point to a sustainable housing recovery, which is good for everyone.  In my home town of Atlanta, the year-over-year improvement is 90%.  Just goes to show how bad it actually was a year ago . . .

home loans
Mortgage

6 Loans you can get and how to use them wisely

By Steve Ely on 1/4/2013

Another great article by Mitchell Weiss.  In addition to these suggestions, you can use eCredable to help you qualify for an auto loan from RoadLoans, and a home loan from Churchill Mortgage.

alternative credit
auto loan
home loans

Should you ask someone to co-sign a loan for you?

By Steve Ely on 11/13/2012

When you don't have any credit, and you need a loan, it's natural to ask friends and family for help.  (My Dad co-signed for my first car loan, and fortunately did not have to regret it).  Until eCredable existed, you really had no choice.  But with eCredable, you can actually get a car loan without having to ask someone to co-sign for you, as long as you have a solid history of paying your bills on time.

car loans
co-sign
home loans
loan application