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 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 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 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 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 1
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 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 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 Gene Mundt, Chicago-area Mortgage Lender - www.genemundt.com, 708.921.6331 - 37 yrs experience
(NMLS #216987)
Comments 0
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 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 ...
By JOE RYSTROM & TEAM, Real Estate Professionals
Comments 0
Does the FICO Score penalize for rate shopping?FICO scoring models use specialized logic that accounts for rate shopping for student, auto and mortgage loans. In general, student loan, auto and mortgage-related inquiries that occur 30 days prior to scoring have no effect at all on the FICO Score....
By JOE RYSTROM & TEAM, Real Estate Professionals
Comments 0
Getting Ready to Apply for a Loan? Your credit score is just one of the factors your mortgage lender will use to determine whether you qualify for financing. The problem is, every lender uses different methods to determine your credit worthiness. So, in some cases, a minimum score is difficult t...
By JOE RYSTROM & TEAM, Real Estate Professionals
Comments 3
Credit Report Fraud Alerts and Security Freezes Protecting your credit should be near and dear to your heart for homebuyers, and all other consumers, unless you plan to live off the grid. Below are resources to help protect yourself and your credit, and contact information if your identity or cre...
By The Friendly Home Team, Brokers - Oregon / SW Washington Real Estate
(Realty Pro Oregon, LLC)
Comments 0
So you are thinking of selling you home and you are worried about the tax implications. Well worry no more! The current tax law for the sale of your primary residence, after May 6, 1997, states that you can have up to $500,000 in capital gains for a married couple and $250,000 for a single person...
By The Friendly Home Team, Brokers - Oregon / SW Washington Real Estate
(Realty Pro Oregon, LLC)
Comments 0
More and more people are making good money in the world of technology, but don't have any credit history. They make enough money that they buy everything with cash, thinking that by buying their cars and other items in cash would make it easier to get through life. Now, they want to own a home an...