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 Karen Schimpf
(Commercial Capital Ltd.)
Comments 0
$1,167,500 Cash out apartment loan….Where? California Type? This loan was denied by one of the major FNMA lenders due to the property condition but we were able to get him approved AND closed at up to 75% Cash out and he got a rate in the 4’s fixed for 10 years with a 30 year amortization.  Again...
By Darren Copeland, Darren Copeland
(Leader One Financial)
Comments 2
What is the 3.5% in an FHA home loan?  We get asked this a lot and so we sat down with a realtor that we work with regularly and had a quick discussion that can help you understand what that 3.5% really means.  The FHA home loan is a great mortgage and really can make it possible for first time h...
By Chris Goulart, California Hard Money Loans & Solutions
(All California Lending)
Comments 0
A lot of our business is related to California hard money rehab loans or construction completion loans.  We have a number of programs for real estate investors who want to fix and flip or complete and sell projects.  We even have ground up products that can help finance anything from single spec ...
By Dennis Dahlberg
(Level 4 Funding )
Comments 0
All home loans are not created equal. Different loan programs have different risks and benefits. Knowing your options can help you choose the right Arizona home loans for your family.                   If you are in the market to purchase a home in Arizona, it is important to understand what Ari...
By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Winston Realty, Inc.)
Comments 1
Mortgage Loan Programs for every buyer from low credit scores to recent BK discharge   Program Highlights  Credit scores starting at 580 Up to 80% LTV; up to 50% DTI Bank statement program for self-employed borrowers Loans up to $1 million Owner-occupied and second homes Non-warrantable condomini...
By JOE RYSTROM & TEAM, Real Estate Professionals
Comments 3
From the word "mortgage" to the methods used by lenders to determine how much to loan, the home loan process can be confusing to first timers. In fact, one third of the respondents to a 2011 Wall Street Journal survey of homebuyers said that the most difficult part of buying a home was understand...
By David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg
(US Mortgages - David Shamansky)
Comments 2
This week is the likely retrace of much of the losses sustained recently. With Greece getting the big NO "its time to pay your bills or pay the consequences" the US bonds are looking much more favorable for both security and safety they provide. I do think the DOW is likely to take some hits this...
By Gene Mundt, Chicago-area Mortgage Lender - www.genemundt.com, 708.921.6331 - 37 yrs experience
(NMLS #216987)
Comments 7
Trying to Underwrite Your Own Loan               I often have the pleasure of working with well-read, well-informed Borrowers.  Borrowers that have obviously done some homework prior to contacting me ...     Their comments and questions prove they're invested in themselves, their home buying, the...
By Brett Sampson, Texas Lender
(Berkshire Lending, LLC)
Comments 2
Did you realize that in the State of Texas you can’t get cash out of your home above 80% of its appraised value? In other words if your home was worth $100,000 – the most cash you could get out on a loan would be $80,000. This 80% rule is a Texas law for homeowners in Texas. …However, there is on...
By Captain Wayne - Rowlett Real Estate School, Rowlett Real Estate School / Owner and Instructor
(REcampus Fully Accredited Florida ONLINE & Classroom Training in Destin, Pensacola Florida)
Comments 1
The FHA insures mortgage loans to protect lenders in the event that borrowers default. The FHA is the largest government insurer of mortgages in the world. The cost of the mortgage insurance is passed on to the borrower.Borrowers pay an up-front mortgage insurance premium (UFMIP). The percentage ...
By Captain Wayne - Rowlett Real Estate School, Rowlett Real Estate School / Owner and Instructor
(REcampus Fully Accredited Florida ONLINE & Classroom Training in Destin, Pensacola Florida)
Comments 1
VA Funding Fee The VA requires a funding fee or user's fee to help the government defray the cost of foreclosures. Currently the funding fee is 2.15% of the loan amount, with no down payment for first-time users.  Funding fee expenses may be added to the maximum loan amount and financed over the ...
By Captain Wayne - Rowlett Real Estate School, Rowlett Real Estate School / Owner and Instructor
(REcampus Fully Accredited Florida ONLINE & Classroom Training in Destin, Pensacola Florida)
Comments 0
The lender may charge reasonable closing costs. However, these costs may not be included in the VA loan. Closing costs vary among lenders. The veteran borrower or the seller may pay the following closing costs or the closing costs may be shared: ·        VA appraisal·        Credit report·       ...
By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Winston Realty, Inc.)
Comments 2
Gene Mundt, shared this wonderful classic post that can be used many times over. The array of details and data will surely benefit you and your present or future clients. It is detailed and right to the point. It should also help with any gray areas, to give you an upper hand with this competitiv...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 9
 "How long after myBankruptcy, Short Sale, or Foreclosure must I wait to buy another home?"    FHA, VA, and Conventional Loans ... The Waiting Periods          There is a phenomenon at play in the American Home Buying marketplace currently.  Former homeowners that suffered financial catastrophe d...
By Nevin Williams, Raleigh Mortgage Pro
(Sierra Pacific Mortgage Raleigh)
Comments 2
Step 1: Contact the credit reporting company, in writing and explain to them what information you think is inaccurate on your credit report.  Include copies of any documents that back up your position.  Your letter should identify each item in your report that you dispute; state the facts and the...
By Gabe Sanders, Stuart Florida Real Estate
(the BlueWater Realty team specializing in Martin County Residential Homes, Condos and Land Sales)
Comments 44
Are you in the process of obtaining financing for a home you have under contract?  Our friends and trusted lenders at Group One Mortgage want to warn you about taking on any new debt while you go through the closing process on your new property: No New Debt! Failure to follow these new rules may ...
By The Friendly Home Team, Brokers - Oregon / SW Washington Real Estate
(Realty Pro Oregon, LLC)
Comments 0
Now you own a home and all the benefits that come along with it. One of those benefits is the mortgage tax deduction on your state and federal taxes. Every dime you pay in interest on you mortgage is a deduction off your gross income on your taxes and can mean a tax savings of thousands of dollar...
By Paula Bradfield, Your Salida Colorado and Down Valley Realtor
(Keller Williams Performance)
Comments 2
A Good Lender Can Close a Loan in 30 daysInman news posted this article written by Tony Davis, a Senior Loan Officer in Atlanta GA. After having difficulty with a lender in getting a loan closed and holding my 85-year-old clients up from moving to Denver to be with family, with all their belongin...
By Aurora Pucciarello, Real Estate "Lifestyle" Consultant
(Neighborhood Home Link)
Comments 1
How to Buy a Home with Low and No Down-Payment OptionsDreaming of a new home but think you can’t afford it?  Think again!  Check out this video and discover how to buy a home with low and no down payment options.Low and No Down-Payment Loan ProgramsThe Neighborhood Home Link Real Estate Team has ...
By JOE RYSTROM & TEAM, Real Estate Professionals
Comments 3
Here's a clever real estate dictum for you: Don't buy the best house in a bad neighborhood; buy the worst house in a good neighborhood.There are several reasons for this rule, but the main one has to do with property values, which are determined in large part by the surrounding homes. If you buy ...