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WHAT PEOPLE ARE SAYING

Home Loan was started to help our customers achieve their goals, and we're proud of our track record. But don't take our word for it. Here's what some of our customers have to say:


"Working with Mario [Loan Originator] at Home Loan Investment Bank made the often rocky road of refinancing smooth and almost easy. Once we sent our information to Mario he reviewed it quickly, and promptly let us know if anything was missing. We were in Arizona, the property we were refinancing was in Maine, and Mario was in Rhode Island, but working with Mario was like working with a next door neighbor!"

– Dave M.


 "In this day and age, it is rare to find true kindness, consideration and courtesy. Emily [Loan Originator] was all of those things and more. I just wanted you, her manager, to know what a really excellent job she did for us. Thank you.

– D. Gayle & Robert W.


"This is just to thank you for all of your help. We finally closed on the houses! Please know that we are very thankful to you for helping us achieve a 'new' dream in America. My husband came to America 18 years ago with one dollar in his pocket and now he owns three houses... thanks to Home Loan Bank."

– Carolina B.


"Thanks to Kristin [Loan Originator] and your bank loan, this New Year is certainly looking brighter for me and my children. I know that I am one of the many thousands of people your bank deals with on a daily basis, but I never felt like a number or an account."

– Maggie C.


"I am writing to thank your for the opportunity for us to finally bring our previously high mortgage rate down. Due to financial difficulties over the past several years, until now we have been unable to do so. The opportunity your institution has made available for us is making all the difference in us securing our financial future."

– Karen T.


 "Thank you so much for all your help on our recent loan. Your professionalism, knowledge and great customer services made it all happen."

 – Frank and Eileen S.


"I closed on a home refinance with Home Loan Investment Bank in May. Mario [Loan Originator] made the process easy and painless. Mario and Home Loan were great to work with. It was just like your neighborhood bank on the phone and over email, and they were always available to move the process forward. This was truly a once in a lifetime refinance opportunity. I have the same monthly payment for a 15 year fixed mortgage versus my old 30 year fixed mortgage. Thank you. "

– Nils M.


"Thank you for superior professionalism and just plain human compassion throughout my refinancing process."

– Sonja S.


"I have been a Real Estate Broker for over 24 years, dealt with a lot of banks, bankers and brokers and I have never been treated so kindly."

– Evelyn B.


"Lance [Loan Originator] was extremely helpful, answered all of our questions promptly, whether asked by phone or fax, and his attention to detail and follow up were commendable. It may be a level of excellence that you expect from all of your agents, but we found it exceptional and worthy of comment."

– Harold S.


"We have told other people about the great way we were treated and about the smooth refinancing experience your company and Emily [Loan Originator] provided and have referred them all to you for help in refinancing their home."

–Gay and John B.

  
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Is auto financing in a healthy place?

Posted on Thursday, May 26, 2016 at 8:55:12 AM

Rates and terms have been preferable in the auto financing market for years now, while demand for loans has increased significantly thanks to widespread economic improvements across most regions of the United States. At the same time, certain trends have sprouted up that give cause for concern regarding the longevity of this current automotive financing landscape, and some analysts are concerned about the level of debt that is amassing among consumers. 

Delinquencies rising
Bankrate recently reported that auto loan delinquencies late by 60 days or more increased by 1.12 percent between the first quarter of this year and the final one of 2015, and 13.1 percent compared to the first quarter of last year, citing data from TransUnion. According to the news provider, this was the first time that serious delinquencies was more than one percent in about five years, though it is still lower than the worst years of the economic recession at the end of the last decade. 

Delinquencies can be a major hindrance to auto financing across the marketplace, as more late payments will tend to push lenders in the wrong direction when it comes to disbursing more funds. However, Bankrate cited a comment from TransUnion senior vice president Ezra Becker, who stated that the current rate is still not all that worrisome when compared to historical data. 

In terms of total debt accrued, Credit.com reported that the latest data from Experian Automotive revealed that Americans now hold more than $1 trillion in outstanding auto loans. This particular finding is not all that negative, and is also not the first time the country surpassed the $1 trillion mark, the source noted, as it is a clear sign that lenders are approving loans and consumers are demanding them. 

No need to worry?
Business Insider contributor Matthew DeBord recently stated that the growing concerns about the auto finance bubble are not quite founded in reality yet, as car re-sale values are strong, re-financing products are widely available, and the economy is still in a healthy place. Regardless of the big picture, though, now is considered to be a good time to apply for an automotive loan given the preferable state of the lending landscape. 

Consumers who want to get a more personalized touch when looking for their automotive financing programs should consider applying with a community bank.