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
  Wire Fraud:   What you need to know prior to Application for Mortgage     An increased focus is being given to the topic of wire fraud these days ...  Rightfully so, as the number of stories of attempted and successful wire fraud and scams is on the rise.  On ActiveRain, a social media and blog...

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
 "Staging" Yourself and Your Finances for the Best Mortgage Available  Analogies are a tool I often use with my mortgage clients, as the comparisons and similarities showcased within my analogies deliver a bite-sized, more easily understood and digested method for my explanations ...  When utiliz...

By Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ
(Haven Express @ Keller Williams Arizona Realty)
Comments 8
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi ""HomeReady" can prove to be a very viable option for those Borrowers challenged financially by Student Loan Debt.  It also addresses challenges for those that rely on more non-traditional income sources.  For both scenarios...

By John Meussner, #MortgageMadeEasy Costa Mesa, CA 484-680-4852
(Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 3
Mortgage Refinance in Ventura, CA      I recently received a call from a client, and in the conversation they told me about a friend who was in an adjustable rate loan and trying to figure out the best way to plan her finances going forward.  He got me in touch with the potential borrower, and ba...

By Nick & Trudy Vandekar, 610-203-4543, Tredyffrin Easttown Realtors, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Comments 13
This week a local lender was suspended by HUD from issuing any FHA program loans due to fraudulently submitting false accounting statements to the government authority. The company, Seckel Capital submitted accounts over a period of years which were supposedly audited by independent certified pub...

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 26
 Get Ready for "HomeReady" from Fannie Mae After years of warranted tightening of guidelines in the Mortgage Industry, there are some new changes taking place that help to "relax" some guidelines, as they pertain to Fannie Mae (Conventional Loans) ... Come mid-July, 2017, Fannie Mae's Automated U...

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
 Part #2 of Game Plans & Options:Determining the "Best" Loan Type for You In Part 1 of this post, I likened my role as a Mortgage Originator to that of a coach on a sports team ... The goals are surely similar.  And some of the skills, responsibilities and aptitude demanded of each, including the...

By Bob Thompson, 562.344.5626 | ALT-Doc, No Income HELOCs and Private Money, AltDocLoan.com - Residential and Commercial Loans
(Wholesale Account Executive)
Comments 2
      Owner Occupied & Second Home Loans from $100,000 - $1,500,000       Minimum middle FICO score 620   90% LTV (NO MI)   Maximum DTI 50%   30 Year Fixed or 5/1 ARM   Reserve requirements 90% LTV - 9 months 85% LTV - 6 months 80% LTV - 3 months   Purchase - 90% LTV Rate and Term or Debt Consoli...

By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Comments 7
Thanks to Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi , here's some useful information about the new "HomeReady" loan product from Fannie Mae.  This may help more folks with the dream of owning their own home:     Get Ready for "HomeReady" from Fannie Mae   After year...

By Anna Banana Kruchten, CRS, Arizona's Top Banana of Real Estate!
(Phoenix Property Shoppe)
Comments 2
Have you ever thought about 'staging' your qualification for buying a home? If not it's a very wise idea, in fact if your market is in a HOT market if you don't have your qualification 'staged' (fully completed) you will most likely be out bid by another buyer that has taken the time to do so.Gen...

By Patty Clark, Helping Families Make the Right Move
(Metro Brokers/Morningside Homes, LLC)
Comments 5
59% of non-owners are not comfortable taking on a mortgage with their student debt according to the Aspiring Home Buyers 2017 survey. It is estimated that the college graduates have an average of $37,172 in student debt.Fannie Mae, who has loan programs with as little as three to five percent dow...

By Joie Ashworth, SRS, ABR, PSA, Top 100 "Tech" Real Estate Agent serving MD and DC
(Joie Ashworth REALTOR)
Comments 36
When you head off to work each morning, do you shut the front door? Do you lock it? You're probably saying "Duh! Of course I do!" Right? Most Americans are walking around with their "credit identity doors" wide open. In fact, they usually don't even know they have the ability to close AND lock th...

By Hal Timinsky, Closing Loans is My Business
(Envoy Mortgage)
Comments 0
 As part of their plan to improve credit report accuracy, the three consumer credit reporting agencies (Equifax, Experian and TransUnion) announced changes to what delinquent credit will be identified on credit reports. Effective July 1, 2017, most civil judgments and tax liens will no longer be ...

By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(eXp Realty)
Comments 1
Working with buyers is an art.Especially explaining them the importance of pre-approval.Cynthia Larsen shares this in this re-post.The Chicken and the Egg of Real Estate The chicken and the egg. Which comes first? When a potential buyer calls and wants me to show them a home, one of my first ques...

By Bob Elliot, 20+ Yrs Local Industry Experience
(RE/MAX Advisors)
Comments 0
Inflation Rate Stays Flat in JuneInflation was flat in June, but achieved a 0.00 percent reading as compared to May's – 0.10 percent reading. Analysts expected a June reading of +0.10 percent reading month-to-month. The Federal Open Market Committee of the Federal Reserve has established a benchm...

By Cynthia Larsen, Independent Broker Serving Sonoma County, CA
(Safe Haven Realty)
Comments 125
The chicken and the egg. Which comes first? When a potential buyer calls and wants me to show them a home, one of my first questions I ask is are you pre-approved for a loan? The reason for this question is simple. If I don't know what you are qualified for, I will have no idea what homes I can s...

By Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818
(Re/Max Eastern inc.)
Comments 4
Happiness is determining what loan is best for you  When I speak with my clients I always insist we have an initial meeting Sometimes in fact many times lately I have clients who are buying homes with cash  I also like these clients to speak with my mortgage banker  There may be reasons that they...

By Bill Davis, Real Estate Agent, Realtor 1st Time Homebuyer, Luxury Home, Investor Specialist Realtor, Bill Davis, Experienced and Professional Realtor
(West USA)
Comments 1
Realtor Bill Davis Report:  Mortgage Rates Push Above 4% Average Staying on top of real estate movement is an important function of a Professional Real Estate Agent and Bill Davis, Realtor in Phoenix, AZ shares this information about the real estate market.  Are you planning on buying your home s...

By David J. Caracausa, ABR, CRB, CRS, GRI, SRES, CRE
(The Premier Properties Group)
Comments 0
Before you look for a home, you need to know how much money you have to spend. And for most new homeowners, the majority of that money is going to come in the form of a mortgage. Before you buy your home (and secure your Huntington Beach mortgage), you have two options in determining your budget ...

By Bill Davis, Real Estate Agent, Realtor 1st Time Homebuyer, Luxury Home, Investor Specialist Realtor, Bill Davis, Experienced and Professional Realtor
(West USA)
Comments 0
More Down Payment help for Metro Phoenix Homebuyers Staying on top of real estate movement is an important function of a Professional Real Estate Agent and Bill Davis, Realtor in Phoenix, AZ shares this information about the real estate market.  Are you planning on buying your home soon? Or are y...