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
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 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 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 David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg
(US Mortgages - David Shamansky)
Comments 1
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 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 Darren Copeland, Darren Copeland
(Leader One Financial)
Comments 2
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 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 34
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 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 30
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 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 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 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 Brett Sampson, Texas Lender
(Berkshire Lending, LLC)
Comments 1
Here’s what you can expect if you are changing jobs while your getting a mortgage…The underwriter will want to see your first pay check at the new job at a minimum, and often they will want to see your first 30 days of paychecks.The underwriter isn’t trying to make your life difficult by asking f...
By Troy Erickson, Your Chandler, Ahwatukee, and East Valley Realtor
(Diverse Solutions Realty www.ChandlerRealEstate.weebly.com)
Comments 118
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 Tim Lamson, MBA
(Show Appeal Realty)
Comments 6
Had someone tell me not long ago that this is the year of the Shemitah. I said, "The WHAT??" "The Shemitah!," he said.Long story short, there's a NYT best-seller about the subject by a Jewish Rabbi named Jonathan Cahn.  It was on the NTY Best-Seller List.   It was such a popular book and fascinat...
By Leo Gonzalez, Moreno Valley Real Estate Agent
(Gonzalez Group Castle REalty)
Comments 2
New low down payment home loans in moreno Valley 2015      Exciting times in the Real Estate Market in Moreno Valley California. Today we heard the introduction of the new down payment assistance program from the California House finance agency. This is the new 105% home loan. This new program al...
By Darren Copeland, Darren Copeland
(Leader One Financial)
Comments 0
  What Can I Afford? That's a question that's usually asked first to us as mortgage lenders, but how do we figure out this amount?  Well, it's not an educated guess, that's for sure, we use a lot of tools to figure this out as you're beginning the home loan process.  It's also better for you to k...
By Michael Gross, Providing lending solutions not just loans!
(Dividend America Commercial Lending)
Comments 0
Commercial Loans for Multifamily Housing and Apartment BuildingsCommercial loans for multifamily housing and apartment buildings are becoming more prevalent and easier to qualify for as the housing market tightens and rents continue to rise.  Recent trend data still shows a housing shortage and t...