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 Lynn B. Friedman, Concierge Service for Our Atlanta Sellers & Buyers
(Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ...)
Comments 0
First Time Buyers - Go To Job Credit Union or Contact Mortgage BrokerLooking for your first home? As First Time Buyers, should you go to your Job Credit Union or Contact a Mortgage Broker?  Several ActiveRain Mortgage professionals offer answers to that question. Let's start in alphabetical order...
By Darren Copeland, Darren Copeland
(Leader One Financial)
Comments 2
We're a local Lee's Summit, Missouri lender and we get asked all the time, what's Lee's Summit's Best Mortgage for ______________.  (You can fill in the blank with whatever niche, first time home buyers, veterans, active-duty military, underwater-banjo-playing-kite-surfers, we've heard it all he...
By Darren Copeland, Darren Copeland
(Leader One Financial)
Comments 4
Findng the answer to the question why you need to get pre-approved means that you already know the importance of beginning the exciting process of looking for a homeby co nnecting with a local mortgage lender. A trusted mortgage lender can then begin the process of getting you pre approved.   Wh...
By Karen Schimpf
(Commercial Capital Ltd.)
Comments 1
  When buying a business you want to make sure the business is cash flowing (after all the write offs), that the last 3 years of tax returns shows gross sales have either stayed the same or gone up, and lastly the value of the business is what the seller thinks it is worth.  Many sellers over val...
By Dennis Dahlberg
(Level 4 Funding )
Comments 0
A stated income mortgage can be a helpful tool in qualifying for a mortgage if you are self-employed or have income that is difficult to verify. Learn what a stated income mortgage is and see if one is a good fit for your home loan needs.  In a traditional mortgage qualification process, the borr...
By Spirit Messingham, Third Generation Full-Time Realtor® 520 471-6900
(Tierra Antigua Realty)
Comments 2
Get ready, as the new disclosure laws mean that closing times are likely to lengthen. The new TRID disclosure laws take effect with loan applications dated 10/3/2015 or later. These impose a 3 day waiting period from the time the new Closing Disclosure (CD) is issued by the lender till when the c...
By David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg
(US Mortgages - David Shamansky)
Comments 4
Good morning allHere is today's mortgage market snapshot...Unemployment claims are slightly higher than expectations and combined with a similar positioned ADP report yesterday I am starting to buy into the fact that the Fed's may NOT raise rates at next session (less than 2 weeks away).Personall...
By Olga Simoncelli, Broker/Owner Veritas Prime Candlewood Lake Area CT
(Veritas Prime, LLC)
Comments 7
Interest Rate Guessing Game Goes On As members of the Federal Reserve Bank are discussing “Inflation Dynamics and Monetary Policy" at the annual economic symposium in Jackson Hole, Wyoming, the guessing game continues as to weather the Fed is going to raise its rate for the first time since 2006....
By Ginger Harper, Your Southport~Oak Island Agent!
(Coldwell Banker Sea Coast Advantage)
Comments 3
Such a great analogy.. I had to reblog for my friends to see. What Do Band-aids and the Modern     Mortgage Process Have in Common?              Remember when you were a kid and you got a cut or scrape?  Your mom would wash it up, then place a band-aid on it, right?     Days later, after the cut ...
By Bruce Brown, Branch Manager/Senior Loan Officer/CMPS
(PrimeLending)
Comments 1
Below is the daily mortgage market and interest rate commentary from Bruce Brown of PrimeLending and host of Dollars and Homes on KCMO Talk Radio 710 in Kansas City.To view my daily blog please visit my website at www.dollarsandhomes.com/blog. 
By Bill Burchard, Broker, Realtor - Murrieta Homes For Sale, Califor
(3B Realty: 951-347-3818, CA)
Comments 1
Fixed Mortgage Rates Avg. 3.89% (30-Yr), 3.09% (15-Yr) for Week Ending 9/03/2015. Just follow the link to view the latest Weekly Mortgage Rate Averages. Every week I report the latest mortgage rate averages as determined by Freddie Mac. I post the latest national averages, as well as the local av...
By David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg
(US Mortgages - David Shamansky)
Comments 85
  So you just got your mortgage and saved some money or moved into your new home, CONGRATULATIONS! What typically happens in the next 1-2 months? A letter arrives talking about Bi-Weekly payments and how you can get out of debt and save tens of thousands in interest and payments by utilizing this...
By Kent Temple, Specializing in Lake Norman Real Estate
(THE TEMPLE TEAM)
Comments 4
Have you ever wondering what all the talk and hype is about Interest Rates? Why such a big deal? Does it really matter?  LOOK at this! Here's an example of your monthly payment from a $400,000, 30 year, fixed mortgage:This week: $1,909,66This time last year: $1,949.075 years ago: $2,084.1810 year...
By Gene Mundt, Chicago-area Mortgage Lender - www.genemundt.com, 708.921.6331 - 37 yrs experience
(NMLS #216987, IL Lic. 0006220, WI Licensed. APMC NMLS #175656)
Comments 31
What Closing Costs to Expect if You're a First-Time Home Buyer        There's a lot of things to learn and know when hoping to become a First-Time Home Buyer.  It can all seem a bit overwhelming ...     Closing Costs:  Closing Costs are one of the most important things you must know as part of yo...
By Gene Mundt, Chicago-area Mortgage Lender - www.genemundt.com, 708.921.6331 - 37 yrs experience
(NMLS #216987, IL Lic. 0006220, WI Licensed. APMC NMLS #175656)
Comments 35
What Do Band-aids and the Modern    Mortgage Process Have in Common?            Remember when you were a kid and you got a cut or scrape?  Your mom would wash it up, then place a band-aid on it, right?     Days later, after the cut healed, the band-aid would have to come off.  I can tell you, jus...
By Sandy Padula and Norm Padula, JD, GRI, Presence,Persistence & Perseverance
(Allison James Estates & Homes)
Comments 19
      Finally, there is now an official statement on the FHA financing guidelines for homes with PACE (Property Assessed Clean Energy ) liens which deal with solar panel purchases for private residential homes in the U.S.Here is the link to the official guideline on this issue:http://portal.hud.g...
By David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg
(US Mortgages - David Shamansky)
Comments 3
Well in today's news mortgage applications are way up in both Purchase and Refinance but Refinance is leading the way at +11 vs Purchase at +4% This is not surprising as rates start to fall those sitting on the fence make their move trying to maximize savings and rates are very strong right now v...
By Lynn B. Friedman, Concierge Service for Our Atlanta Sellers & Buyers
(Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ...)
Comments 6
Dear Readers,John Meussner, from Costa Mesa, CA, carefully explains the differences between PRE-APPROVAL and PRE-QUALIFICATION. Buyers should be sure to apply for a Mortgage before they start looking at homes to purchase.  Reading John's posts is a great way to understand mortgage issues. Check o...
By David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg
(US Mortgages - David Shamansky)
Comments 3
Not much news today other than the market sell off from yesterday completely retraced itself today. I admit I was a bit nervous when I saw the 100.5 support get pierced and fall below by nearly 20bps but the FNMA 3.0 regained ground during the session and closed above the current support level of...
By Troy Erickson, Your Chandler, Ahwatukee, and East Valley Realtor
(Diverse Solutions Realty www.ChandlerRealEstate.weebly.com)
Comments 119
If you missed this original post, Darren Copeland provides an excellent infographic showing the 4 Most Common Loan Types, and what the differences are between them.Obviously with a Conventional Loan, you have more money to put down, but instant equity, and the lowest monthly payment.FHA allows 3....