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
If your business is being audited, the IRS is going to visit your office. The auditor will be looking for anything strange, out of place or inconsistent with what is reported on your tax return. These are known as "red flags." Example of red flags include: the owner's luxury car or boat is pa...
cc: by: https://flic.kr/p/22MByYo If you are going to start a business, expand your business, or buy the commercial building you are renting, you can apply at your local bank for an SBA 7A loan. If they deny you, which is a 50/50 chance based on the SBA's own stats, then you have to apply at an...
FHA Loans vs Conventional Loans - Comparing 20 percent down - Eye opening - 10-11-10
( Social Media - Infinity Home Mortgage Company, Inc)
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FHA loans have been the major talk in the news as of lately. One loan officer e-mailed me the other day, asking if FHA is going away. I asked, how did you come up with this? Because three realtors had mentioned it to them. I have not heard a thing, but let's use common sense. If FHA loans wo...
As a follow up to my blog on the role of the loan officer I'd like to say a few words about the role of an underwriter. First understand that there are two underwriters, the automated one and the human one. All conventional and government loan files are first submitted through a software package ...
Are you considering diversifying your portfolio but you aren't sure what you should do to spruce it up and make some cash for your wallet? There is a way to do this! You can simply look into trust deed investing Texas. Texas Mortgage Broker, Hard Money Loans, Texas Home Loans, hard money lender T...
The last thing you want to do is ruin your mortgage approval once you've gotten the go-ahead from the lender. If you've been preapproved for a loan there are some things you can do that will actually ruin your chances of getting the loan. This can terminate the transaction and really put a ding...
It’s no secret that many Americans struggle to pay their bills. It’s even stranger to think how many in “middle” class live nearly paycheck to paycheck, but consumerism and marketing are hard to avoid.It’s likely that the numbers of Americans that are actually in the red based on the mortgage th...
Pre-Approval VS Pre-Qualification: How "Approved" are You?
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
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Pre-Approval VS Pre-Qualification:How "Approved" are You? If you take a look online, you can easily find multiple definitions and opinions on just what constitutes a Mortgage "Pre-Qualification", "Pre-Approval", and "Pre-Approval Letter" ... and the differences that exist between them ... So ...
Last year I went to a workshop hosted by the American Warrior Real Estate Professional organization. It was an emotionally moving experience for me. This is an organization dedicated to veterans. After the workshop ended I received the AWREP designation. The first thing I did was contact 2 or 3 v...
One of the biggest questions first-time investors ask is whether they can get approval from hard money lenders in Arizona or not. The truth is, you can get funding, but you’ll have to demonstrate knowledge.Real estate investors turn to hard money lenders in Arizona for a myriad of reasons. Somet...
People who are facing foreclosure often look for creative ways to save their homes. Arizona hard money loans can help in these situations, but you must know how to evaluate which options are best. If you’ve found yourself in hot water with your mortgage company, the first decision to make is whe...
The Most Agressive Construction Loan Program in the Universe!
(www.DaveYourMortgageGuy.com - Legend Lending)
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We recently released our 95% two time close construction loan. This is an amazing program that many lenders do not offer. If you are thinking of building your dream home this program is perfect for you. This is not your normal construction loan program, so let’s go over the highlights: 5% or l...
So what are the steps needing to be taken to obtain a Mortgage Pre-Approval and Pre-Approval Letter? Pre-Approval VS Pre-Qualification: How "Approved" are You? If you take a look online, you can easily find multiple definitions and opinions on just what constitutes a Mortgage "Pre-Qualif...
Weekly Mortgage Market Update for November 2, 2018
(VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender)
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For the Week Ending November 2, 2018 Please enjoy this quick update on what happened this week in the housing and financial markets. Consumer spending rose for a 7th straight month in September, but personal income recorded its smallest gain in more than a year on moderate wage growth. Com...
For the second year in a row, the Department of Housing and Urban Development’s (HUD) endorsement summary report has Homebridge ranked as the #1 203(k) renovation lender of the year. Setting the standard, Homebridge reported 954 endorsed 203(k) renovation loans in the 2018 fiscal year. That’s 87...
Have you been turned down by banks because you don’t have perfect credit? Do you have collateral? Do you need a loan to invest in property?Many people are not familiar with the term, “spec loan.” A Spec loan is a term used for a loan on a speculative property; meaning it the end game is unpredict...
Finding the right home is still the biggest challenge buyers are faced with in today's market as is shown in the latest Confidence Index Survey. Assuming the buyers find the "right" home with determination, perseverance and the help of a real estate professional, 88% of all transactions last yea...
What is a private money lender? How can I benefit from one?The definition of a Arizona private money lender is a non-institutional lender that issues short-term loans for the purchase and renovation of an investment property. These loans are secured by the borrower’s assets. An Arizona private m...
You’ve heard the term, but what is an Arizona spec home? Is it a smart move to invest in one?Speculation building is a significant part of the new home construction market. Since 2016, close to three quarters of new single-family houses have been built on “speculation”- meaning, the home was bui...
An Arizona fix and flip loan is a loan that investors use to purchase and renovate a property. A fix and flip is a distressed house that needs to be “fixed” and then after is quickly “flipped” making the investor a profit. Usually, the loans used for these projects are of relatively short-duratio...