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 Ben Yost - 303-587-4297, FHA, VA, Conventional - Mortgage Loans in De
(First Time Home Buyer, Mortgage Rates, Pre-Approval)
Comments 0
Tips About Home Mortgages in Colorado and Everywhere Else Too!The things that matter in life do not always come easily. It is hard to find a Colorado home mortgage which best fits your budget. You need proper knolwedge and patience to completely understand your options. Use the advice here to get...

By Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce - Short Sale
(Keller Williams 414-525-0563)
Comments 39
     As agents who work in both the niches of short sales and divorce, we are very often keenly and confidentially aware of the credit card debt that has been accumulated.   To compound  the TOTAL of the debt...the couple may not always have a sterling credit rating which means the interest rate ...

By Michael McGlynn, Buyers Like Mike!....Find Out Why!
(Celebrity Homes)
Comments 2
While low inventory is certainly challenging buyers, not having a clear understanding of mortgage financing is also causing issues. By having good information, they are able to make better decisions as well as compete favorably.   Most buyers don’t realize how the mortgage rate is determined for...

By Chris Thomas
(The Mortgage Experts at America's Mortgage, a Division of Cherry Creek Mortgage Co.)
Comments 22
We are seeing an increasing number of title companies requiring an improvement location certificate (ILC) before they will issue a title insurance commitment.  An ILC differs from a survey in that the ILC simply identifies the location of the property improvements (buildings), encroachments, and ...

By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Comments 10
This is an often asked question of Realtors, though one that most of us can only estimate.  As it's dependent on many factors outside of the Realtors control.  Here's a great look at this topic from Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi :     The Funds Needed at...

By Jeffrey Masich, Arizona Homes and Land Group/ Sell or Buy
(HomeSmart in Scottsdale, Arizona)
Comments 0
Yes, free grants to purchase a home in Arizona still live, for a while longer and offer a big help to home buyers with limited cash on hand but want to buy now. These economic stimulus government grants do not have to be repaid if a buyer meets grant requirements. I just completed a sale for a ho...

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 33
 Prove to Sellers You're Serious:  Be Pre-Qualified! Be Pre-Qualified for your Mortgage before you go and view homes!There, I've said it.  First thing.  Right out of the box.  So it can't be missed.I place that advice right at the top of this post in bright colors so it's not overlooked.  And bec...

By Sandy Padula and Norm Padula, JD, GRI NMLS#1483386, Presence, Persistence & Perseverance
(Realty One)
Comments 26
Not that I like Sally K. & David L. Hanson ...OK; I do! Here is a very important blog post from them that spells out the simple truth of how devastating consumer credit card debt can be to so many people we encounter in our business and perhaps one of the primary reason why so many can't qualify ...

By Bob Elliot, 20+ Yrs Local Industry Experience
(RE/MAX Advisors)
Comments 0
Last week's economic news included readings on sales of new and previously owned homes. Despite expectations of lower sales in both categories, sales surpassed expectations and April sales. Analysts were concerned about extremely tight inventories of available homes limiting home sales and did no...

By John Meussner, #MortgageMadeEasy Costa Mesa, CA 484-680-4852
(Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 7
What is a "Rate Lock"      When a mortgage applicant is pre-approved for their home loan and the file is officially submitted, one of the early steps is discussing the rate lock.  A rate lock is exactly what it sounds like.  The rate of the mortgage loan is locked in for a certain period of time,...

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 22
  The Funds Needed at Closing = "Cash to Close" "Cash to Close" ...It's the term used in mortgage lending that refers to the final amount of money a Borrower needs to bring or send to their Closing on their Closing day.   But in today's modern mortgage process, "Cash to Close" actually means anyt...

By Nick & Trudy Vandekar, 610-203-4543, Tredyffrin Easttown Realtors, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
Comments 9
If you are thinking of buying a home now or in the next few months you have to read this blog post written by a mortgage provider. What he says is so true and it will help you to be successful in this hot home market.    Prove to Sellers You're Serious:  Be Pre-Qualified!   Be Pre-Qualified for y...

By Lyn Sims, Schaumburg IL Area Real Estate
(RE/MAX Suburban)
Comments 6
You can't just Google Credit Repair & expect to have things all sorted out in 30 days. That's not how it works! Gene Mundt gives you the 'low down' on how to repair your credit & it isn't using one of the companies that you'll find online! I think if consumers really took the time to see how much...

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 "...Buyers must be decisive and ready to act when they find "the home" they want.  They must have already talked to their Mortgage Lender and been Pre-Qualified for their financing PRIOR to the viewing of that home..."Right ...

By Michael McGlynn, Buyers Like Mike!....Find Out Why!
(Celebrity Homes)
Comments 0
Regardless of the reason to refinance a home, the basic question to ask is: “Do you plan to live in the home long enough to recapture the cost of refinancing?” There are always expenses involved in refinancing which can be paid in cash or rolled into the new mortgage.From a strictly financial sta...

By Donnie Keller, Reata Realty - Delivering Excellence
(The Reata Realty Group)
Comments 0
    Making a cash offer on a home puts you at the top of this list in bidding wars and gives peace of mind to the seller. Here’s why:If you’re in the market to buy a new home, you may have heard about some of the advantages of buying a home outright with cash. According to research by the Nationa...

By Jeff Dowler, The Southern California Relocation Dude - Carlsbad
(Solutions Real Estate )
Comments 14
We all know how important it is to get pre-qualified as a buyer, especially in our competitive market, yet so many buyers don't seem to understand the importance and value of doing so. This will help them get it!   Prove to Sellers You're Serious:  Be Pre-Qualified!   Be Pre-Qualified for your Mo...

By Brian Skaar, VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480
(VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender)
Comments 0
  For the Week Ending June 23, 2017  Please enjoy this quick update on what happened this week in the housing and financial markets.    Crude oil prices have plummeted this week, which helps to curb inflation concerns. A lack of inflation helps keep mortgage rates low. Although the economic outlo...

By Brian Skaar, VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480
(VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender)
Comments 0
  For the Week Ending June 16, 2017  Please enjoy this quick update on what happened this week in the housing and financial markets.    The Fed raised policy rates by 0.25% as expected at this week's FOMC meeting. However, the Fed doesn't control mortgage rates, which actually improved slightly. ...

By Ginger Harper, Your Southport~Oak Island Agent!
(Coldwell Banker Sea Coast Advantage)
Comments 2
Excellent Blog.We should not waste our time on folks that are not qualified to buy.   Prove to Sellers You're Serious:  Be Pre-Qualified!   Be Pre-Qualified for your Mortgage before you go and view homes!There, I've said it.  First thing.  Right out of the box.  So it can't be missed.I place that...