Lending / Financial

Buying real estate is even more challenging for those of us whose eyes glaze over at the mere mention of decimals, percentages or anything else that even hints of mathematics.


The financial aspect of purchasing the largest investment of your lifetime, though, is the most important. Nobody wants to lose money. Nobody wants to leave money on the table.


If you're in the market for information on mortgages, credit scores and interest rates, you've come to the right place. The financial and mortgage pros here at ActiveRain even tell you how to shop for and compare lenders, how to raise your credit score, how to get a mortgage after a short sale or foreclosure and how to get pre-approved for a mortgage loan. Even Mom and Dad can't give the great advice you'll find here at ActiveRain.


Plan to spend some time here because ActiveRain's content library is massive. Lucky for you we've arranged it so that it's über user-friendly. You'll be amazed at how easy it is to put your finger on just the information you're looking for without having to surf a million other pages.

Trending blogs on Lending / Financial

 

By Joan Cox, Denver Real Estate - Selling One Home at a Time
(Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373)
Comments 24
 A couple weeks ago, my current insurance (car & home) agent sent me an email stating rates were going to increase significantly, and wanted to warn me.   Goodness, he was not kidding.    The car insurance increased almost 50%, and I have no accidents and no tickets along with excellent credit.  ...

By Shanna Day Team Leader AZ & UT - Call 480-415-7616, Top 1.09% Of 147,000 KW Agents Worldwide!
(Keller Williams Realty EV (AZ) & Keller Williams SLC (UT))
Comments 1
What To Do With Your Home Loan Now That Interest Rates Went Up Again For the fifth time since December 2015, the Federal Reserve has raised the funds rate Wednesday, December 13th, by 25 basis points. There has already been a steady increase to interest rates prior but this move by the Fed now pu...

By Nick and Cindy Davis, CRS,CLHMS,ABR,GRI,CIAS,ALHS,e-PRO,CDPE,SFR
(RE/MAX Premier Group)
Comments 1
Loan limits are going to be rising in 2018 for loans guaranteed by the FHA. The Department of Housing and Urban Development (HUD) announced on Thursday that it was boosting limits for those loans in more than 3,000 counties. This provides FHA loans consistent with those of Fannie Mae and Freddie ...

By Shanna Day Team Leader AZ & UT - Call 480-415-7616, Top 1.09% Of 147,000 KW Agents Worldwide!
(Keller Williams Realty EV (AZ) & Keller Williams SLC (UT))
Comments 5
Watch Your Holiday Spending!  Have you checked your credit score lately? If it's in one of the best shapes it has been, you might feel a little bit celebratory, especially with the holidays just around the corner. Food, travel, gifts- no other time in the year would be more than perfect to reward...

By John Higgins, Branch Manager/Senior Loan Officer
(Best Choice Lending, Inc.)
Comments 1
Fannie Mae HomeReady®A Low Down Payment Alternative to FHA FinancingFannie Mae has put together a program that takes FHA, and its first time homebuyer program, head on. In what has become a viable alternative to government insured low down payment programs, Fannie Mae’s HomeReady® mortgage progra...

By John Higgins, Branch Manager/Senior Loan Officer
(Best Choice Lending, Inc.)
Comments 3
Have you been wondering how much house you can afford?Well, now you can find out based on your specific situation instantly with Best Choice Lending’s “Mortgage in a SNAP.” Simply put, it is the mortgage application without all the hassle.Just plug in your information. We will ask about income, a...

By Matt Brady, Lending With Competence And Character
(Skyline Home Loans)
Comments 7
The GSE's Fannie Mae and Freddie Mac will be able to purchase loans for single family homes valued up to $453,100! This new conforming loan limit restricts the government backed agencies amount they may finance. So the limit, which has been $424,100 this year will go up to $453,100 for 2018 accor...

By Dave Halpern, Louisville Short Sale Expert
(Keller Williams Realty Louisville East (502) 664-7827)
Comments 24
Here's another reason buyers need a professional Realtor in Louisville, and frankly anywhere;Realtors understand the language the mortgage brokers and loan officers use when they give status updates.It's amazing how many times the buyer can be told they are approved for the loan but then be told ...

By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Comments 7
For those looking for a quick overview of whether they will qualify for a loan, this post from Susie Kay is a worthwhile read.  And, then call your professional lender: I received many phone calls from buyers asking whether they can obtain a loan.  So recently I had a conversation about lending w...

By Susie Kay, North Dallas Specialist
(Ultima Real Estate )
Comments 9
I received many phone calls from buyers asking whether they can obtain a loan.  So recently I had a conversation about lending with one of my preferred lenders.  Eventhough some I already knew, some were an eye opener.  How Long Does a Borrower Need to Be on the Job?Well.... It depends.   The sta...

By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Comments 9
In the past, most Federal Housing Administration (FHA) loans were made to lower-income borrowers. In fact, that is why FHA was established. In the 1930s, a working person would have to save 50 percent of the value of a house before being able to get a mortgage. The FHA changed that with programs ...

By Karen Schimpf
(Commercial Capital Ltd.)
Comments 1
If you and the seller agree on the rate and terms, I suggest you utilize a note company to track your note payments, taxes and insurance.  Running your note payments through a note company will do two things for you.  First, you will have proof via the note company that you made your payments on ...

By Karen Schimpf
(Commercial Capital Ltd.)
Comments 0
If you need to use 100% of the appraised value, than typically banks/lenders want you to own the property 24 months.  If you have owned the property less than 24 months,  the lender will use the value  from either the purchase price or percentage of the appraised value.  For the longer fixed term...

By Rob Spinosa, Executive Loan Advisor, Marin Mortgage Pro
(Supreme Lending, Marin County, CA)
Comments 6
The Older I Get The More I Conform If you know me, you know that I don't like to stick to convention.  I was the teenager who skipped college, moved to Hollywood and played rock guitar.  In my 20's, I saved up vacation time not for sandy white beaches but instead for expeditions to the harsh moun...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 0
Ontario has the highest auto insurance premiums in Canada despite the province having low rates of collisions and deaths – a big factor to that is the prevalence of auto insurance fraud.Changes AheadOntario is looking into ways to push for changes in the auto insurance industry to help try to com...

By Dan Papadapoulis, Home equity loans, second mortgages Toronto
(Mortgage Central Nationwide)
Comments 1
Thousands of Canadians have fallen victim to scammers who pretend that they are from the CRA. Unsuspecting victims are usually contacted with threatening texts, emails, or calls telling them that a recent audit has uncovered that they owe a substantial amount to the Canada Revenue Agency. The CRA...

By Anthony Acosta - ALLATLANTACONDOS.COM, Associate Broker
(Harry Norman, REALTORS® )
Comments 3
Thank you Joan Cox    A couple weeks ago, my current insurance (car & home) agent sent me an email stating rates were going to increase significantly, and wanted to warn me.   Goodness, he was not kidding.    The car insurance increased almost 50%, and I have no accidents and no tickets along wit...

By John Higgins, Branch Manager/Senior Loan Officer
(Best Choice Lending, Inc.)
Comments 1
The Federal Housing Administration (FHA) announced Thursday, December 6, 2017 that the maximum mortgage limits will be increased for loans across the country.New loan limits will take effect for FHA Case Numbers issued on or after January 1st, 2018.State of Michigan FHA Mortgage Limits for 2018 a...

By Sean McDowell, Mortgage Consultant & Co-Author of Mortgage Maze
(Fairway Independent Mortgage Corporation)
Comments 0
As we near the end of 2017, I would love to help you reach your financial goals in the coming year. By scheduling a mortgage checkup with me, we can discuss your current situation as well as your goals for the future. There are many questions we will go over to understand if it is a good time to ...

By John Higgins, Branch Manager/Senior Loan Officer
(Best Choice Lending, Inc.)
Comments 1
 There are several important advantages of the MSHDA Down Payment Assistance (DPA) for Conventional mortgages over what has been traditionally offered with MSHDA down payment assistance. Including:  No upfront mortgage insurance & potentially lower monthly mortgage insurance than FHA (based on cr...