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 Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
Comments 9
 Benefits of Homeownership at Tax Time It's tax time ... And that means it's time for you to gather all of those envelopes recently mailed to your home marked "Tax Documents Enclosed" and file your taxes for the year. If you became a new homeowner during the previous year ...Your real estate prof...

By Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 1
 With prices increasing we have loan limits climbing as well.  For FHA this is based on where you are buying.  If your home is in a "Low Cost Area" Here are your limits": If you are in a "High Cost Area" (Most of NJ, where I am licensed, falls into the High Cost Area): These may not be huge incre...

By Joseph Metzler, Sr Loan Officer
(Mortgages Unlimited, Inc)
Comments 1
Minneapolis, MN: The Consumer Financial Protection Bureau (CFPB) has been receiving a large number of complaints about misleading advertising for VA refinance loans.The Bureau reviewed about 1,800 of these complaints received since record keeping started in 2012, all of them about refinance trans...

By Rob Spinosa, Executive Loan Advisor, Marin Mortgage Broker
(RPM Mortgage, Marin County, CA)
Comments 14
Not Your Grandfather's Stated Income Loan Stated income.  No other phrase in the realm of home lending evokes as many good and bad memories, does it?  For some --- mostly loan originators who wore an ethical stripe of a different color --- the days of the liar loans are fondly remembered as "the ...

By Diana White-Pettis, GRI, CDPE, CNE, Upper Marlboro Homes for Sale
(Exit Bennett Realty )
Comments 2
MARYLAND’S NEW GRANT TO PAY CLOSING COSTSGrant Assist is designed to assist homebuyers with closing costs associated with purchasing a home in Maryland using the Maryland Mortgage Program (MMP). The Maryland Department of Housing and Community Development (DHCD) offers a first mortgage loan that ...

By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
Comments 42
 The Simple "Cure" that Removes Credit Mysteries A large number of credit card companies now offer an opportunity to their customers to see their credit scores.  Consumers receive "previews" of their credit scores via their credit card's monthly statements.Opportunities to view or receive credit ...

By Rob Spinosa, Executive Loan Advisor, Marin Mortgage Broker
(RPM Mortgage, Marin County, CA)
Comments 4
 This Must Be Just Like Lending in Paradise My name is Rob Spinosa.  I'm a workaholic.  And despite the growing body of scientific evidence that is building behind the necessity of vacations, I still do not get away from the office nearly enough.  Some of our clients, on the other hand, have this...

By The Temple Team, Specializing in Lake Norman Real Estate
(THE TEMPLE TEAM)
Comments 1
Look at the Impact of Different Interest Rates! Here's an example that shows how interest rates directly impact the cost of the home you can afford. As you can see .... Interest Rates GREATLY impact the end result in what home you may qualify for and even the slightest increase can hugely impact ...

By Chris Goulart, California Hard Money Loans & Solutions
(All California Lending)
Comments 3
While rates for owner occupied traditional borrowers are quite low, many investors continue to find it is difficult to get bank funding for their investment properties.  This can be for any number of reasons, and even with bank financing, sometimes the rates and terms can look more like private m...

By Diane Beaumont, USDA,FHA,Jumbo,VA Woodland Park, CO Mortgage
(Benchmark Mortgage)
Comments 3
You're probably aware of the financial commitment that is involved when investing in a home, but what that amounts to is different for every person. From what you can afford to what a lender will allow, there are plenty of details involved in determining the right home for you. If you're not quit...

By Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
( Social Media - Infinity Home Mortgage Company, Inc)
Comments 87
    FHA Loan rumors now become a reality – So what happened?   Wow... I just talked about some rumors that have been floating around for months about FHA loans. Let me make something clear. They are rumors to me until they are officially stated through HUD/FHA. And on that note, they are also rum...

By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Comments 9
Closing costs are often misunderstood and both over and under estimated.  So, here's some good information about closing costs from Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi :  Your Buyer's Guide to Closing Cost Credits Closing Costs ... people are always interested...

By Suzanne Strickler, Things to make you go HMMM
(Realty Mark Associates)
Comments 2
Since Credit is King in our financial world, it's a good idea to know what your score means to those people considering loaning you money. A score of 300 - 579 is an indication of a very risky borrower. IF a bank would lend you money, your interest rate would be unbelievably high. Individuals wit...

By Claude Cross, Charlotte NC Homes For Sale
(Homes By Cross, Inc. )
Comments 2
Pay Off Private Mortgage Insurance on Your Home as an InvestmentIf you do not have a 20 percent down payment at the time you purchase a house for sale in Ardrey, you are required to take out private mortgage insurance (PMI). However, it is considered a huge investment if you are able to cancel it...

By Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 4
 Have you heard of “Trended Data”?FannieMae’s Desktop Underwriter will require Trended Credit Data with the release of DU 10.0 on September 24, 2016. (This was originally scheduled for June 24th but was postponed)Trended credit data will show if a client carries a balance every month or if they p...

By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
Comments 12
Your Buyer's Guide to Closing Cost CreditsClosing Costs ... people are always interested in them. HOW they can be paid, borrowed, financed ... and possible credits for Closing Costs that might be available to them from their Sellers or their Lender. I find that many of my new clients have preconc...

By Diane Beaumont, USDA,FHA,Jumbo,VA Woodland Park, CO Mortgage
(Benchmark Mortgage)
Comments 3
When it comes to real estate, there are always going to be upswings in the market that will have an impact on your mortgage payment and overall financial health. However, with a fluctuating market here to stay, you may be wondering how you can guard your biggest investment and your finances again...

By John Lemos, Your Home Loan Expert
(Caliber Home Loans)
Comments 2
 THREE REASONS WHY PMI COULD BE YOUR FRIEND Many mortgage loan programs today allow homebuyers to use less than a 20% down payment when buying a house.  When you do this, you are often required to pay Private Mortgage Insurance (PMI).  This increases your mortgage payment slightly.  Here are thre...

By Joe Lattanzio
(Russell Real Estate Services)
Comments 1
Last week’s scheduled economic readings were limited and included new jobless claims and Freddie Mac’s mortgage rates survey. In other news, all types of mortgage applications rose by 2.30 percent this week as compared to the prior week.Mortgage Rates Lower, Home Loan Applications RiseFreddie Mac...

By Bob Elliot
(RE/MAX Advisors)
Comments 0
Last week's scheduled economic readings were limited and included new jobless claims and Freddie Mac's mortgage rates survey. In other news, all types of mortgage applications rose by 2.30 percent this week as compared to the prior week. Mortgage Rates Lower, Home Loan Applications RiseFreddie Ma...