Thinking about purchasing a house in 2018? It's not something you can just dive right into. Joe Zeibert, Senior Director of Products, Pricing & Credit for Ally Home Loans, and Ed Powell, the company's Senior Director of Consumer Sales, join Your Cheddar to discuss the steps you need to take to prepare for home ownership.
The Ally Home Playbook provides information on the types of loans, down payments, closing costs, and other financial considerations home buyers need before selecting a lender. Plus, it helps first-time homebuyers determine what type of loan is best for them.
But what factors go into a mortgage approval? Powell talks about the three Cs: capability, credit, and collateral. These are the areas your loan officer will look into, so shopping around for an experience person you trust is also extremely important.
Altro founder and CEO Michael Broughton shares how his company is bringing both expanded credit access and financial wellness to underserved consumers, plus netting early investments from Tinashe, Quavo, and Jay Z’s Marcy Ventures.
Portillo’s CEO Michael Osanloo discusses the company’s decades of profitability, opening restaurants in new markets, and why it doesn’t need trends like dynamic pricing.
Adam Turnquist, Chief Technical Strategist for LPL Financial, weighs in on the latest CPI data, what could get the Fed to lower borrowing costs, and the crypto rally.
Mark Hamrick, senior economic analyst at Bankrate, breaks down the current housing market and why he’s expecting affordability will get better as the year goes on.
