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Get a Better Mortgage Rate & Car Loan at Tropical Financial Credit Union - Video

www.tropicalfcu.org At Tropical Financial Credit Union in South Florida, you can take advantage of a better mortgage loan rate. Thousands of ...

Ally Home rolls out mortgage price match guarantee

The housing crisis severely impacted Ally’s mortgage business, causing the bank to slowly move away from originations. By the end of 2012, the bank officially stepped away from mortgage servicing and the home loan side of the business. That is until the end of 2016.

Under this new program, if a consumer finds a better price at another lender, they simply need to let their Ally Home loan advisor know and send the competitor's complete Loan Estimate, dated within five business days.

Ally Home said it would then match the interest rate and the points when the customer was ready to lock in their rate with Ally. However, Ally noted that in order for them to accept the match, it must be for the same loan terms offered by Ally Bank.

"It's that simple," said Diane Morais, president of consumer and commercial banking products at Ally Bank. "When it comes to buying a home, our customers are counting on us to help them reach that exciting milestone.

Money Talk: Cosigning and Other Financial Entanglements

Dear Liz : I’ve been self-employed for just over a year. Because of disbursements from a recent divorce, I have enough money to make a 40 percent down payment on a modest house. My income will easily cover the resulting mortgage payments, health insurance and other expenses, but I’ve been turned down for a loan several times without a cosigner.

A family member has offered many times to do this, as the person doesn’t have the means or interest in buying a house anytime soon for various reasons. Reluctantly I am considering it.

This person has a good job but will not be contributing any money toward my down payment or mortgage payments. I plan on setting up a separate shared bank account that will cover at least a year to 18 months of expenses for the home in case something happens to me, so my relative isn’t burdened in any way. I also plan on listing this person as a beneficiary on the mortgage so they could choose to sell the house or live in it.

Is a mortgage broker or a financial advisor better when you want help getting a good mortgage deal?

We know how much we want and know we can afford it, we just want to go over the options and get a good deal, but I don't know who would have more options, be more honest, etc. We are in the UK.


The difference between a mortgage adviser and a financial adviser is the qualifications they hold.