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.

Recent blogs on Lending / Financial
By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Looking for an Owner Carry Home For Sale?Here today are Paradise Valley homes for sale with Seller May Carry or Owner Financing next to Scottsdale Arizona and UPDATED DAILY on the MLS. Are you ready to move to Paradise Valley the most expensive place to live in Arizona? When buying a home one will need a jumbo loan if not buying with cash. However there are usually some Owner May Finance homes available. (Photo: Paradise Valley from Town website)Paradise Valley Arizona Estates with Owner Financing or Seller Carry Financing AvailableSee Paradise Valley homes for sale with Seller May Carry or Owner Financing on the MLS on FULL PAGE view and obtain your own FREE MLS SEARCH PORTAL in Arizona, creating your own filters, the most powerful home search tool available.Owner Carry or Seller May C...
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By Jackie A. Graves, President
(ChangeMyRate.com® A Mortgage Corporation)
Some homeowners are eager to get out of their mortgage early, with reasons ranging from eliminating the psychological pressure of debt to slashing interest payments. For retirees, especially, paying off a home loan early can help increase cash flow.Whatever your motivation, paying down your mortgage ahead of time reduces the amount of interest you’ll pay on the loan. Here are some early payoff strategies to help you achieve that goal.Can you pay off your mortgage early?In most cases, you can pay your mortgage off early without penalty — but there are a few things to keep in mind before you do: Check for a prepayment penalty: Reach out to your loan servicer to find out if your mortgage has a prepayment penalty. Most mortgages don’t impose this fee, but if yours does, you’ll have to pay i...
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By Kevin Vitali, Helping Massachusetts Home Buyers and Home Sellers
(EXIT Realty Beatrice Associates)
One area where homeowners can potentially reduce their monthly expenses is by terminating private mortgage insurance (PMI). In this article, I will provide a comprehensive guide on how to terminate private mortgage insurance, also known as PMI, and help you save money on your mortgage payments.Understanding Private Mortgage Insurance (PMI)Before we delve into the steps to terminate private mortgage insurance, it's essential to understand what PMI is and why it exists. When you purchase a home with a down payment of less than 20% of the property's value, lenders typically require you to obtain private mortgage insurance. PMI protects the lender in case the borrower defaults on the loan.While PMI benefits lenders, it adds an additional cost to your monthly mortgage payments. However, once...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Mortgage 101 it all starts here we do the research for you whether a VA, FHA, Conventional, or non-traditional. We can help take the challenges out of the equation.  How to get a Mortgage and FREE Credit Report      If you’re thinking about buying a home, you should know your credit score’s a critical piece of the puzzle when it comes to qualifying for a home loan. Lenders review your credit to assess your ability to make payments on time, pay back debts, and more. It’s also a factor that helps determine your mortgage rate. Click Here to Continue Reading & Share Thinking of buying use our Broker Buying System to do your searches, find out the actual value of each home before you make an offer, property disclosures at your fingertips, home inspection reports, and any work that has or ma...
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By Bob Elliot, 20+ Yrs Industry Experience
(eXp Realty)
Last week’s scheduled economic news includes readings on inflation, new home sales, pending home sales, and consumer sentiment. Federal Reserve Chair Jerome Powell spoke at a banking conference in Spain. Weekly reports on mortgage rates and jobless claims were also released.New Home Sales Rise as Pending Home Sales FallMay readings for new and pending home sales showed mixed results for May. 763,000 new home sales were expected on a seasonally-adjusted annual basis. Analysts expected a reading of 675,000 sales based on April’s year-over-year reading of 680,000 new home sales. May’s increase in new home sales was the largest since  February 2022.New home sales increased for the third consecutive month. The supply of new homes for sale fell 11.80 percent between April and May to a 7-month...
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By Jackie A. Graves, President
(ChangeMyRate.com® A Mortgage Corporation)
Want to buy a house but short on cash to get the deal done? It's a common problem that is keeping countless potential buyers on the sidelines. "Money issues often stand in the way of homeownership," said Bankrate. "A survey by rental service Apartment List found that 80 percent of millennial renters want to buy a home, but most say they can't afford to."A recent story in Apartment Therapy titled "How I Saved $40K in 5 Years for a Down Payment" piqued our interest. Their tip: Get a side hustle and sock all that money away. Those are some impressive saving skills, but if you're saying to yourself, "I don't even want to wait five months, let alone five years", we have some tips that can help. None of them are quite as hardcore as working a second job late into the night (but if you're just...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Improve Your Debt-to-Credit RatioYour debt-to-credit (DTC) ratio is one of the main measures that lenders use to determine your loan eligibility. Find out how to calculate and improve your DTC in this #GTK blog—and do reach out with any questions, I’m always happy to assist.Among the criteria that lenders use to determine your eligibility for a mortgage loan is your debt-to-credit (DTC) ratio. According to Equifax, one of three major credit reporting entities used by lenders, landlords, credit card companies, employers, and others, debt-to-credit is the amount you owe across all revolving accounts compared to the amount of revolving credit available to you. This is one component that comprises 30% of your total credit score, and it includes your payment history, how many credit accounts...
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