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 5
  Protect Your Financial Health & Credit During COVID-19 ... Take These Steps Now  Your physical health and mental well-being must always be an important focus.  The grave challenges posed by the current COVID-19 crisis, make that even more true ...But it's not only your physical and mental healt...

By Rob Spinosa, SVP of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Comments 4
Your Pandemic Guide to a Jumbo Mortgage  "Our Realtor said it's very difficult to get a jumbo loan these days.""We tried to do a cash out jumbo refi on our place but our bank told us that they're not doing those anymore.""We wanted to refinance our jumbo loan but by the time we did the research t...

By Sally Dunbar, Fair Oaks Realtor - Fair Oaks Homes for Sale
(Lyon Real Estate, Fair Oaks CA (Sacramento Area))
Comments 61
Dang! It just happened again! My buyer's daughter transferred $20K into their account, because they're really buying the condo for the daughter with her money. (The daughter has bad credit, but a wad of money, so Mom and Dad are making the purchase for her).  Now we need to show proof of where th...

By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Comments 6
How Looooow will they go? When speaking of mortgage rates they are near record lows right now but they may be poised to go even lower this year.Clare Trapasso of Realtor.com wrote on May 21, 2020, "One of the few silver linings for real estate in the middle of this devastating coronavirus pandemi...

By Chris Dunham, The Real Estate Guy™
(NexGen Brokered by eXp Realty)
Comments 2
Fix your credit so you can buy a house - Credit Repair TimeUnderstanding how credit works is frustrating! I know first hand how hard it is to build back up a score once its plummeted to the ground! I have been selling houses for over 20 years, as a full time Realtor. SO when the AZ Market crashed...

By Karen Schimpf, When the Bank Says No, I CAN Get Your Deal CLOSED!
(Commercial Capital Ltd.)
Comments 0
  Did you read Danielle Hale , Cheif Economist at Realtor.com.  Predictions for 2020 before and after COVID 19 https://www.realtor.com/research/2020-housing-market-predictions-covid-19-update/ 

By Jerri McCombs, Broker, Hendersonville NC Relocation
(Dogwood Real Estate Services)
Comments 4
Hey all of you first time buyers! Are you having a hard time knowing what it may cost you to close on a home? Most sites deal with mortgage calculators which will give you an approximate monthly payment. But this Closing Cost Calculator will tell you what to expect in up front closing costs. If y...

By Ralph Mark Maupin, Michigan Real Estate Investors Host
(National Real Estate Network, LLC)
Comments 0
Click https://www.neededfunding.com/ Now Click https://www.neededfunding.com/ Now Business Funding, Payroll Protection Program & 23 Single Use Funding Services!100+ Lenders  •  10,000+ Loan VariationsQuick Application Apply Nowhttp://www.NeededFunding.comUnlike a bank, we are not tied down to a s...

By Lise Howe, Assoc. Broker in DC, MD, VA and attorney in DC
(Keller Williams Capital Properties)
Comments 10
I love this blog post by Gene Mundt.  We are frequently asked by our clients to recommend a lender (or two or three.) After you read this post, you can explain to your client why you recommended those particular lenders..... and why they should listen to your recommendations.      Choosing Your L...

By Chris Goulart, California Hard Money Loans & Solutions
(All California Lending)
Comments 0
With all the negatives to come out of the current pandemic situation, one positive is the historic low California 30 year fixed rate home loans available on the market.  For borrowers planning to stay in their homes for at least a few years, being able to secure rates at these levels makes a lot ...

By Bob Elliot, 20+ Yrs Local Industry Experience
(eXp Realty)
Comments 2
Last week’s economic news included readings from the National Association of Home Builders on housing market conditions and reports on housing starts and building permits issued.Fed Chair Jerome Powell testified before Congress about the impact of Covid-19. Weekly reports on mortgage rates and fi...

By Roy Kelley
(Realty Group Referrals)
Comments 6
Being ill-prepared for and poorly-informed about the mortgage process will, at a minimum, make the process more challenging and stressful.  It will also increase the likelihood of it costing more.  No one wants that. Miltoniopsis Orchids, Longwood Gardens, Kennett Square, PA USA IMG 8002         ...

By Liz Freeman
(RE/MAX Preferred Realty)
Comments 2
Homeowners have a variety of reasons for refinancing their homes. Before you make a decision about refinancing your home, you might consider the following questions. Below is a summary of an article in RISMedia by Michele Lerner, a writer for Bankrate.com.1. What are my financial goals? Are tryin...

By David Jackson, MBA, Financial lending analyst
(Olympus Labs)
Comments 0
The COVID-19 crisis is causing great concern and economic distress to businesses, consumers, and people across the world. Its impact is widespread. While some businesses are recording very low sales or progress, some have gone into a complete shutdown due to strict restrictions put in place, such...

By Roy Kelley
(Realty Group Referrals)
Comments 8
Staying responsive to the needs of borrowers remains a positive and prime focus and is especially warranted during this challenging time.         Appraisal Waivers: What are They? Who's Eligible?   Many changes surrounding residential appraisals have occurred recently.  Some have come as a respon...

By Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE
(AmeriFirst Financial Inc, San Diego, CA)
Comments 11
The Truth Behind Mortgage Rates. At last, someone is willing to tell the truth with 10 valuable lessons below!  I know of no other industry which spends more money on deceptive advertising aimed at confusing their end users than Banks, Credit Unions, and Mortgage Companies. To learn more about Th...

By Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE
(AmeriFirst Financial Inc, San Diego, CA)
Comments 4
Below is a simple lesson on how to read the charts associated with the Mortgage Rate Updates & Projections reports which can be found at www.JasonGordon.info nearly every business day. If you are pursuing a mortgage (or helping to refer someone in need of a mortgage), it is highly recommended tha...

By Cheryl Powell - The Powell Team, Concord,Harrisburg & Charlotte NC Area Real Estate
(Southern Homes of The Carolinas - The Powell Team)
Comments 191
    Do you know someone who has a job and works hard, but their income isn't high enough to afford a well maintained home in an area desireable to them?  If so, the USDA Rural Devolopment DIRECT Loan Program may be the perfect loan program for them.  This is a 100% financing (NO DOWNPAYMENT), no ...

By Cheryl Powell - The Powell Team, Concord,Harrisburg & Charlotte NC Area Real Estate
(Southern Homes of The Carolinas - The Powell Team)
Comments 9
News Channel 36 did a report on USDA Rural Development loans last night.  It said that the program is "little known", but I've known about it and helped my clients utilize the program for years.  The USDA Rural Development agency (yes, the United States Department of Agriculture) has two differen...

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 14
  Choosing Your Loan Officer:Don't Short-Change Yourself The act of obtaining a mortgage has become a deeply personal and individualized pursuit. In its present form, it has little in common with mortgage applications of the past.Because of that fact, the act of choosing a Mortgage Originator/Len...