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 Scott Pendleton, Mortgage Expert in Florida
(E Mortgage Management)
Comments 22
Yes, when you have had a bankruptcy, foreclosure, or short sale it may seem like owing a home is never going to happen again but that is not true. I think most people that have had that “negative financial event” have no idea that there are options for them in the market today.Granted there are s...
By Bruce Brown, Branch Manager/Senior Loan Officer/CMPS
(PrimeLending)
Comments 0
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 Brett Sampson, Texas Lender
(Berkshire Lending, LLC)
Comments 0
Were you aware that your credit score can effect the amount of mortgage insurance you pay on Conventional loans?  Here is an example of how your mortgage insurance rates can vary due to credit score.These numbers are based on a $100,000 loan at 95% loan to value ratio.MI Payment Chart…  Credit Sc...
By JOE RYSTROM & TEAM, Real Estate Professionals
Comments 4
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 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 4
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 Darren Copeland, Darren Copeland
(Leader One Financial)
Comments 0
Home Loans Lee's Summit are what we're good at doing, perhaps you're a first time home buyer or perhaps your a seasoned veteran of the home buying process.  Either way we're here to help you with all your mortgage needs from getting pre-approved all the way to putting the key in the front door, a...
By Bruce Brown, Branch Manager/Senior Loan Officer/CMPS
(PrimeLending)
Comments 2
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 Troy Erickson, Your Chandler, Ahwatukee, and East Valley Realtor
(Diverse Solutions Realty www.ChandlerRealEstate.weebly.com)
Comments 60
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....
By Spirit Messingham, Third Generation Full-Time Realtor® 520 471-6900
(Tierra Antigua Realty)
Comments 5
Conventional Financing for Condos Condominium projects need to be “warrantable” according to Fannie Mae guidelines in order to be eligible for normal conventional financing. If they are not warrantable, then the financing available will be typically provided by portfolio lenders under their non-w...
By David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg
(US Mortgages - David Shamansky)
Comments 3
This week has some potential market movers when the data is released. With numbers like GDP and even with a better than expected Durable Goods number the economy is still very fragile and, as a broken record, I am saying we MUST get jobs and housing on solid ground to bring about higher rates and...
By David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg
(US Mortgages - David Shamansky)
Comments 2
Good morning wise readers for this market update blog.Today has brought us numbers slightly better than expectations and it caused an initial opening bell loss of 25bps (all of yesterdays gains) but that has since been short lived and the market has already retraced 16bps of that loss basically p...
By Valorie L. Ford, Valorie Ford & Co, Charlottesville/Albemarle Real
(Keller Williams Realty)
Comments 0
 http://www.sellcvilleandrvahomes.com/
By Gabe Sanders, Stuart Florida Real Estate
(the BlueWater Realty team specializing in Martin County Residential Homes, Condos and Land Sales)
Comments 1
Closing Cost Assistance on HomePath Homes GMAC Bank Correspondent Funding (GMACB) Approved Correspondent Clients please note that GMAC Bank is pleased to announce that Fannie Mae is currently offering buyers up to 3.5% in closing cost assistance now through June 30, 2011 for all Fannie Mae HomeP...
By Darren Copeland, Darren Copeland
(Leader One Financial)
Comments 2
When You're looking for a Lees Summit Home Loans there are some definite DO's and DON'Ts that you'll want to keep an eye out for in the first steps of you home buying process.  The first step when looking for houses for sale is to get pre-approved with a local trusted lender, You can get pre-appr...
By Robert (Bob) Gilbert, Your Katy TX Real Estate Expert
(Berkshire Hathaway HomeServices Anderson Properties)
Comments 15
San Antonio TX One of Our Favorite Places to VisitWe left early Friday afternoon from Katy TX to go to San Antonio TX as Yolanda had a rare Saturday off. We took my father-in-law and I suspect Yolanda will have a post about this trip. I will let her tell you why we went. We stayed at a Hyatt in D...
By Conrad Allen, Webster, Ma, Realtor
(Re/Max Professional Associates)
Comments 40
Is my job to get the lowest price possible on the home they want to buy?  Maybe.  The real goal is to find them a home that satisfies their family or personal needs.  Price is important but interest rates are more important.  I deal with first time home buyers primarily.  The average sales price ...
By Nina Hollander, Your Charlotte/Waxhaw/Fort Mill Area Realtor
(RE/MAX Executive Realty/Charlotte, NC)
Comments 22
They say nothing gets cheaper in life, but owning a home just might be the one thing that does IF ...you buy sooner rather than later, while homes are still affordable and below their historic peaks and interest rates remain very low. The infographic below from Keeping Current Matters below illus...
By John Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Total Mortgage Services, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 19
Another Cost of TRID - to the Consumer, of course       5 years ago, if you asked the public, "Would you like new rules, regulations, authorities, and processes that would mitigate your risk when getting a home loan?", the answer likely would have been a resounding "YES!".      If you asked the s...