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.

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Trending blogs on Lending / Financial

By Gene Mundt, Mortgage Lender - Chicago/Chicagoland Mortgages
Comments 17
  What are the Requirements to Qualify for a Home Loan Today?          Frequently I hear the question ...       "What are the requirements to qualify for a home loan today"?       To answer that, I'm first going to list what are considered as foundation requirements for current mortgage loans.  W...
By Darren Copeland, Darren Copeland
(Leader One Financial)
Comments 0
The benefits of a preapproval (not prequalification) for Lee's Summit Home Loans A lot of consumers are not educated enough on how they should go about buying a home.   No question, this is a big decision, and one that can be either immensely stressful- or immensely enjoyable- depending on how yo...
By Amanda and Jared Christiansen, YOUR Fort Wayne Realtors, Century 21 Bradley.
(Century 21 Bradley (260)704-0843)
Comments 0
Gene is a lender in the great Chicagoland area.  He's always full of valuable information about loans and what it takes to qualify for a loan.  Here he explains the requirements today for qualifying for a home loan.   Keep sharing the valuable information Gene!     What are the Requirements to Qu...
By Neil Coleman
(First Midwest Bank NMLS#143306)
Comments 1
To refinance a mortgage means to pay off your existing loan and replace it with a new one. There are many reasons why homeowners opt to refinance, from obtaining a lower interest rate, to shortening the term of the loan, to switching mortgage loan types, to tapping into home equity. Each has its ...
By Ron Chastain, What ever it takes
(Keller Williams Realty Atlanta Partners)
Comments 0
We call them oxymorons: terms with built-in contradictions. George Carlin made fun of ‘jumbo shrimp’; Jerry Seinfeld pointed out the unlikelihood of anything being ‘found missing’ or ‘clearly misunderstood.’ But for some Henry County homebuyers, there is more reason to smile than laugh over the n...
By David Shamansky, Creative, Aggresive & 560 FICO - OK, Colorado Mtgs
(US Mortgages - David Shamansky)
Comments 62
I am writing this post in a state of shock. I can overcome many a issue and or circumstance but some things are simply too much. Today's scenario was one of those situations. One of my purchase borrowers called and emailed me before I got in the door (Thanks to the very heavy traffic). I called h...
By Darren Copeland, Darren Copeland
(Leader One Financial)
Comments 1
Spring has officially sprung and warmer weather will most likely bring a long anticipated increase for the housing market, which was stifled by extreme winter weather catching most of the nation's meteorologists off-guard.The National Association of Realtors announced that the difficult winter w...
By Deborah Nance, Southern California , Reverse Mortgage Specialist
(Orange County, Corona, Riverside, Los Angeles)
Comments 0
Orange County Reverse Mortgage Question -  Reverse Mortgages are Non-recourse loans - what does that mean?   Recourse and non-recourse are terms used in conjunction with mortgages that describe the options/procedures that the lender has available to use when a loan is not repaid according to the ...
By Dennis Dahlberg
(Level 4 Funding )
Comments 0
Some people are scared by funds that aren't diversified. This can be a big risk! You don’t know what could happen if your entire portfolio is only in one kind of investment. What if it tanks? Arizona Mortgage Broker Home Loan What’s important is to diversify your portfolio with investments that w...
By Darren Copeland, Darren Copeland
(Leader One Financial)
Comments 0
A major home-selling decision arrives right at the start: setting your home’s price. It’s a step that can be decisive for good or for ill.But what is the “right” price for Lee's Summit, Missouri, or any other nearby area? We know what it probably isn’t—it’s not the first number that pops into you...
By Bill Park, Excellence in Real Estate since 1986
(Keller Williams Realty)
Comments 0
How to buy a house with no money down does not mean how to buy a house with no money. One of the largest purchases we ever make is buying a home.  Down payments are a way to reduce the debt on that house up front and increase the part you own of that home, that is called equity. For example, in p...
By Robert (Vegas Bob) Swetz, Commercial & Residential Real Estate Agent
Comments 8
  Believe it or not. I am hoping Interest Rates go up ;o)   Nobody really wants interest rates to go up, but when interest rates at low nobody wants to borrow money. And then when the rates go up, lenders will borrow money to anyone. For the last few years in Las Vegas Nevada, it was almost impo...
By Terez B. Harris, Your Real Estate Advocate
(Keller Williams Realty New Orleans)
Comments 0
Many of New Orleans’s would-be first time home buyers are stopped short when they come up against the need to raise the initial deposit. But just because you don’t have a hefty down payment, it needn’t mean you can’t own your own home. You can still purchase a house with less than a 20% down pay...
By Gene Mundt, Mortgage Lender - Chicago/Chicagoland Mortgages
Comments 13
Just Like Your Underwear: Credit Needs to be Freshened-Up, Scrubbed, Updated, Fluffed & Changed           Everything needs to be "freshened up" once in a while.  It needs to be given a trim.  Updated.  Fluffed.  Scrubbed-up.  Changed or re-arranged.     Credit is no different ...       But stop ...
By Bruce Brown, Senior Loan Officer/CMPS
Comments 1
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 Eric Gausepohl, Eric Gausepohl - Summit Lending
Comments 0
VA Loan on New HomesRight now, I am working with a client that is using his VA loan to purchase a newly constructed home.  I thought that this would be a good time to discuss this topic a bit.  The Veteran's Administration makes the builder complete certain forms on ALL new developments, not just...
By Martha Brown, Your Homes Around Annapolis Agent
(Long & Foster Real Estate, Inc., Annapolis MD 21403)
Comments 0
Gene writes a great post of the requirements to qualify for a home loan today. Like many things in life there is a foundation that one starts with and then you build from there. Take a look and call if you have any questions about your requirements to qualify for a home laon today   What are the ...
By Wayne Johnson, San Antonio REALTOR, San Antonio Homes For Sale
(Coldwell Banker D'Ann Harper REALTORS®)
Comments 35
Some People Believe History Only Goes Back to the Day They Were Born Maybe that's a slight overstatement, but not by much. I saw a headline today, "Mortgage Applications Fall as Interest Rates Pick Up". Fixed interest rates for a thirty-year loan average went from 4.50 percent in January to 4.56 ...
By Kate McQueen, SRS, Houston Bay Area Real Estate
Comments 2
What are the Requirements to Qualify for a Home Loan Today? Many homebuyers are entering the market and preparing to apply for a mortgage loan.  The following guidelines are an execellent starting point to learn what you should expect in advance of applying for a loan.  There's been changes in qu...
By Bob Thompson, Commercial & Residential, ALT-Doc & Stated Income Loans, (562)344-LOAN
(RMF Lending, Inc.)
Comments 0
JUMBO SIVA Fully amortized 30 year term to maturity 5/1 ARM Interest Rate Caps: 5/2/5, Margin 2.500%, Index 1 Year LIBOR, Interest rate floor equals the start rate Minimum Loan Amount is $417,001 for all loan programs Primary Residence and Second Homes up t0 70% LTV for purchase and refi   • A fu...