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 Bridget "Mortgage Mama" McGee, Maryland Mortgage Mama NMLS#196068
(Corridor Mortgage Group 410-960-2061)
Comments 3
FHA Lowers MIP 2017-Should every FHA borrower Refi? @Patty Blackwelder of Lorton, VA left this comment on my FHA Lowered the Mortgage Insurance-So What? post. Let me ask you can my past clients who have FHA Loan can do a stream line refinance to take advantage of the lower MIP?  If their rate is ...

By David Bailey and Erika Bailey, "Creating Clients for Life" Cell # 631-589 3600
(The Mortgage Outlet NMLS # 36861)
Comments 1
Reverse Mortgages Long Island | The Mortgage Outlet What is a Reverse Mortgage Long Island?Call David or Erika Bailey at 631-589-3600Licensed Loan Originators at The Mortgage Outlet   The Experts The Mortgage Outlet have been handling Reverse Mortgages on Long Island Since 1987. A Reverse Mortgag...

By Dale Taylor, Realtor = Chicago Illinois Homes Townhomes Condos
(Re/Max 10 New Lenox Illinois)
Comments 0
"DRY-CLOSE" SAY "YUCK-YUCK TWICE" is a phrase I barrow from Marilyn Hickey. In a recent transaction with a long-time valued Client whose Attorney had planned the closing on the sale of their home and the purchase of their new home on the same day, I had to prepare them for the possibility of a "...

By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 14
Acting proactively regarding your financing and following the advice of your Mortgage Lender can result in monetary savings.  It can also open up more/better mortgage options at the time of purchase and help your financing process go more swiftly and smoothly.    Prove to Sellers You're Serious: ...

By Mike Jones, Mike Jones NMLS 223495
(SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) )
Comments 2
Prickly Pear Jelly, ActiveRain, and The Value of Connections Had the pleasure of sharing lunch with Mike Jones with Sunstreet Mortgage on Tuesday this week.  I have enjoyed working transactions with him in the past, and look forward to future endeavors.  When I got the message through LinkedIn a...

By Bob Elliot, 20+ Yrs Local Industry Experience
(RE/MAX Advisors)
Comments 0
 Last week's economic readings included the National Association of Home Builders Housing Market Index and readings on housing starts and building permits issued. Consumer sentiment for August was reported by the University of Michigan. Weekly reports on mortgage rates and new jobless claims were...

By Michael McGlynn, Buyers Like Mike!....Find Out Why!
(Celebrity Homes)
Comments 1
In the late 80’s, both FHA and VA began requiring buyers to qualify to assume their mortgages. The main reason there haven’t been many assumptions in the past 25 years is that interest rates have been steadily going down and if a person has to qualify, they might as well do it on a new loan and g...

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
VA FAQ #12 - what Fico score do I need for a VA Jumbo Loan?  For a VanDyk Mortgage VA Jumbo Loan up to $1.5m,  we require a minimum of a 580 middle credit score. Yes, that is correct,  we underwrite direct to VA Guidelines with no investor overlays.  VA Jumbo (aka VA high Balance, VA Super Confor...

By The Temple Team, Specializing in Charlotte/ Lake Norman Real Estate
(THE TEMPLE TEAM)
Comments 1
 Here are a few VERY IMPORTANT things to make sure you DO NOT do while shopping for a new home and applying for a mortgage and getting pre-approval. Do NOT close credit accounts that are not being used Do NOT take out major loans Do NOT change from salary to commission Do you have a HOME TO SELL?...

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 7
 Buying or Refinancing a Home? Seek a Mortgage Originator that's a Good Conversationalist  Consider this scenario ...You've been invited to a party.  You don't know many people there.   You realize it's going to be a long boring party if you don't start to mingle and meet others.  So, you head-of...

By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 10
New FHA Rule Eliminates Post-Payment Interest Charges   The Department of Housing and Urban Development and the Federal Housing Administration (FHA) have published a final rule that will eliminate post-payment interest charges when FHA mortgages are paid off. SUMMARY: This rule revises FHA’s regu...

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
VA FAQ #13 - What is a VA LAPP Lender and Why you should work with us.VanDyk Mortgage is a VA LAPP Lender.   So what does that mean?    LAPP stands for the Lender Appraisal Processing Program.   VA lenders such as VanDyk Mortgage get set up as LAPP VA lenders to get better control over the VA App...

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
VA FAQ #20 - VA Loans and Foreclosure dates - what date is used to determine the minimum waiting period?  The operative date for the VA waiting period after a Foreclosure may surprise you,  as it varies somewhat state by state and the corresponding methods of Foreclosure Transfers.   In many stat...

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
What is the maximum VA IRRRL loan limit?Each year the Veterans Administration (the VA) releases the VA Loan Limits.   These are based on the county the home is located in.   In past years,  the VA allowed much higher Loan Limits than today.   There are now many VA Home Owners who hold VA Loans th...

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
VA FAQ #15 - How soon after a Bankruptcy can I qualify for a VA Jumbo Loan?We offer VA Jumbo Loans as soon as 2 years after a Bankruptcy Chapter 7 discharge.     It does require a clean credit history after the BK discharge, and it also helps to re-establish credit lines, as these will bolster yo...

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
VA FAQ #22 - Does the VA allow 100% Cash Out VA Loans? 100% Cash Out VA Loans are available again.    You read the headline correct:   VanDyk now offers VA loans up to 100% loan to value for VA cash out refinances.   VA refinances are no longer capped at 90% of your current appraised value.   The...

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
VA FAQ #17 - How soon after a Foreclosure can I qualify for a VA Jumbo Loan? We offer VA Jumbo Loans up to $1.5m as soon as 24 months after your prior Foreclosure.   The operative date may surprise you,  as it varies by state and the methods of Foreclosure Transfers.   In most states,  it is base...

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
VA FAQ #18 - How soon after a Short Sale can I qualify for a VA Loan? VA Loans can be made as soon as 1 day out of short sale, or 2 years depending on circumstances and the type of loan that was short sold.    If the prior loan was a VA Loan, the VA will most likely make a charge against your ava...

By Peggy Wilson, Michigan Mortgage Pro
(Huron Valley Financial, Inc.)
Comments 1
Perhaps you have never heard of the FHA 203k loan, but it is one of the best loans out there - especially now.  Why now?  There are a lot of foreclosures on the market.  Many have deferred maintenance.  Some have been vandalized.  Most need at least some repairs, improvements or appliances and th...

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
VA FAQ #14 - How soon after a Bankruptcy can I qualify for a VA Loan?We offer VA Loans as soon as 2 years after a Bankruptcy Chapter 7 discharge.     It does require a clean credit history after the BK discharge, and it also helps to re-establish credit lines, as these will bolster your credit sc...