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 Bruce Brown, Senior Loan Officer/CMPS
(PrimeLending)
Comments 0
Below is the daily mortgage market and interest rate commentary from Bruce Brown, CMPS with Prime Lending and radio host of Dollars and Homes on KCMO Talk Radio 710. To view my daily blog please visit my website at www.dollarsandhomes.com/blog.  
By Brett Sampson, Texas Lender
(Berkshire Lending, LLC)
Comments 0
I hope you had a great Christmas! Update on Short Sales: On December 16, the Senate passed an extension of the Mortgage Debt Forgiveness Act by a vote of 76-16. The extension applies to any short sale conducted in 2014. If Congress had failed to act on the renewal of the tax breaks, any forgiven...
By Valorie L. Ford, Valorie Ford & Co, Charlottesville/Albemarle Real
(Keller Williams Realty)
Comments 12
Mortgage lenders need to decide if a home buyer is what they consider to be a “good risk” and likely to make their payments on time. In order to make this critical determination, lenders will be looking closely at four different aspects of your finances. Specifically that will be your credit his...
By David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg
(US Mortgages - David Shamansky)
Comments 3
There are so many different points of views on this topic and its definitely not a cookie cutter answer. For each and every buyer, and potential buyer, its truly a matter of timing. Sometimes those ready to buy go out and get a great deal. Other times those great deals seem to slip away and buyer...
By Richard & Beth Witt, Broker/Owner RE/MAX Wittney Estates Long Island NY
(RE/MAX Wittney Estates 516-795-6900 www.longislandrealestatesearch.com)
Comments 2
I decided to re-blog this for all that may have missed it as I thought it excellent advice for those thinking of buying a home.... I passed this on to our agents to pass on to their future buyers.... Mortgage lenders need to decide if a home buyer is what they consider to be a “good risk” and lik...
By Dawn Brenengen, Sales and Management
(Dawn Brenengen - Trailwood Realty)
Comments 0
Question - We all know cash is king. It seems like all banks and other motivated sellers are requiring the buyer to be submit "cash offers." If I don't have cash on hand, is it still possible to get an all cash deal?  Does a hard money loan count as cash?  Can I buy a home with a hard money loan ...
By Gene Mundt, Chicago-area Mortgage Lender - www.genemundt.com, 708.921.6331 - 37 yrs experience
(NMLS #216987)
Comments 7
  Why Do Lenders Require a Real Estate Contract?      One of the Loan Officers in my office had a Seller's Attorney recently ask him ...      "Why does a Lender need a copy of the Real Estate Contract?"     Admittedly, I was somewhat taken-aback by this basic question, but I believe my LO handled...
By Joe Jackson, Clintonville and Central Ohio Real Estate Expert
(Keller Williams Capital Partners Realty)
Comments 1
The average rate on the 30 year fixed mortgage hovered above its record low for a sixth straight week. But the super-low rated aren't providing a lift to the struggling housing market. Freddie Mac said Thursday the rate on the 30-year home loan ticked down to 3.99 percent from 4 percent the previ...
By Cheryl Powell - The Powell Team, Concord,Harrisburg & Charlotte NC Area Real Estate
(RE/MAX Executive Realty - The Powell Team)
Comments 41
Have you had a Bankruptcy, Foreclosure, Short Sale or Deed in Lieu of Foreclosure and are wondering how long you have to wait before you can obtain a new home loan?  Here are the guidelines as of Februrary 2011, which I verified with a loan officer friend.  Of course, every rule is made to be bro...
By Bill Burchard, Broker, Realtor - Murrieta Homes For Sale, Califor
(3B Realty: 951-347-3818, CA)
Comments 0
Fixed Mortgage Rates Avg. 3.83% (30-Yr), 3.10% (15-Yr) for Week Ending 12/24/2014. Just follow the link to view the latest Weekly Mortgage Rate Averages. Every week I report the latest mortgage rate averages as determined by Freddie Mac. I post the latest national averages, as well as the local a...
By Mark Boyland, Your Source For Westchester County Real Estate
(Keller Williams)
Comments 1
As a counterpoint to my recent article about prices falling in the Westchester real estate market in 2014, I recently spoke to a colleague, Dan Shlufman, Managing Director ofClassic Mortgage, LLC,  who gave me a rather upbeat view of where he sees the local mortgage market going in the next few y...
By Amber Gunn Crosbie, Broker, 512.922.GUNN (4866), Austin Short Sales
(Austin Domain Properties )
Comments 1
Austin’s economy, like all others, is largely dependent upon consumers doing what consumers are supposed to do: buy! Why they make their decision to behave or not is every bit as complicated as you would suppose. It’s the product of how their own careers are faring; how the greater economy (and t...
By Jamie Chambers, USDA /FHA Mortgage Source
(USDA / FHA Mortgage Source)
Comments 0
Did you know the USDA loan program is one of the best…and only fixed rate zero down payment mortgages? The USDA Rural Housing program is available for any qualified first time home buyer in Florida. Unless you have VA benefits, the USDA program is the only housing program that permits 100% financ...
By Five Stars Mortgage, Florida USDA, FHA and VA Loans
(Five Stars Mortgage)
Comments 0
As 2015 is approaches fast we no significant changes to the VA loan program. VA interest rates have continued to remain low, and will hopefully do so through 2015.  The VA mortgage qualification requirements and eligibility requirements that are currently in place will pretty much be the same in ...
By Jamie Chambers, USDA /FHA Mortgage Source
(USDA / FHA Mortgage Source)
Comments 0
USDA Mortgage Source is now proud to now be serving Georgia homebuyers in 2015!  The USDA Rural Development housing program offers 100% financing in select eligible locations throughout GA. Listed below are a few great benefits of the USDA loan:   USDA Loans require $0 down payment up to 102% fin...
By Five Stars Mortgage, Florida USDA, FHA and VA Loans
(Five Stars Mortgage)
Comments 0
As part of the Florida VA mortgage purchase process, service members, veterans, among other eligible military members must prove eligibility to the lender. At the time of submitting a VA mortgage application, there will be specific documents that are needed for VA Purchase, some of which may be o...
By Five Stars Mortgage, Florida USDA, FHA and VA Loans
(Five Stars Mortgage)
Comments 0
North East Florida is certainly a huge military area and the VA home loan is without a doubt the best mortgage option available today for eliable VA home buyers in Duval County. Below we will discuss some things new VA home buyers, and existing VA refinance borrowers will want to know. VA Purchas...
By Jamie Chambers, USDA /FHA Mortgage Source
(USDA / FHA Mortgage Source)
Comments 0
Many Florida first time home owners with limited savings are drawn to the USDA Rural Housing mortgage. The USDA Rural home loan is one of the few programs that still allows buyer to purchase a home with $0 to little money out of pocket. So, how to do you apply for the USDA loan application, what ...
By Jamie Chambers, USDA /FHA Mortgage Source
(USDA / FHA Mortgage Source)
Comments 0
Florida homeowner that currently have a USDA mortgage on their house might be eligible to refinance into a lower interest rate. Everyone knows that historic low interest rates are here. The USDA loan refinancing program gives existing USDA Rural homeowners an excellent opportunity to refinance th...
By Gene Wunderlich, Realtor & Legislative Liaison
(1st Action Real Estate)
Comments 2
Hard to believe it's been nearly 6 years since I wrote my first blog about Ocwen Financial (Ocwen Bank Outsourcing Realtors to India). Back in those days we were actively engaged in a fight against real estate fraud, the housing market was melting around our ears and I was being bombarded with co...