In our recent move to Iowa and the subsequent search for a new house, we came to the sad realization that we would need to get a mortgage again in order to get the house we wanted. We were ok with that because it was a pretty small mortgage and we'll be able to pay it off relatively quickly. No 30+ …
mortgage
097 Financial Excellence: eCredable Should Replace the FICO Score
Episode 97: eCredable is the long awaited alternative to the FICO score, Feb 14, 2012. Today I interviewed Steve Ely, CEO of eCredable. eCredable is a credit reporting agency but they do things a little different than the big three (Experian, Trans-Union, and Equifax). eCredable looks at more than …
Should you Walk Away from your Mortgage?
This 60 minutes video highlights an alarming trend of people walking away from their mortgages, even though they can still afford to make the payments. Their logic is that the house has lost value and they are upside down on it so they need to just let it go. How messed up is that? I don't care what …