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 Shannon Milligan, Richmond VA Real Estate Agent, RVA Home Team - Winning with Integrity.
(RVA Home Team with Jefferson Properties)
Comments 43
Buying a Home While Self Employed This year my husband and I decided to purchase another investment property. If you have been reading my blog, you know we have purchased 8 properties over the last 14 years. In most of those cases the mortgage has gone into my husband's name simply because I ...
By Mark Taylor Mortgages, 602-361-0707 #MarkTaylor #Awesomerates NMLS#207897
(and for 1st Time Buyers, Move Up Buyers & Investors )
Comments 0
Missed A Mortgage Payment, Now What?     Most people don’t know whether or not a single missed mortgage payment can have serious consequences for their credit score. The good news is that there are things that can be done to mitigate the damage and help anyone who has missed a payment repair thei...
By Karen Fiddler, Broker/Realtor, Laguna Beach & Lake Arrowhead, CA (949)510-2395
(HOM Sotheby's Intl Realty, 949-510-2395)
Comments 21
Chase Bank and The Widow: A Success Story   I occasionally go to dinner with a few other widows in my area. I am not a regular attender as for me it's best to move on from these kinds of labels and limitations. I have become good friends with one of the ladies in the group. We share a simila...
By Rob Spinosa, Marin Mortgage Broker
(RPM Mortgage, Marin County, CA)
Comments 0
Surviving the Short Sale Seasoning Status Shift   All alluring alliteration aside, I wanted to get serious (there I go again...) about the recent changes to the waiting periods that are required when a buyer attempts to re-enter the mortgage market.  "How long do I have to wait after a short...
By Donald Horne, Associate Broker, Oxford / Lapeer Homes
(Coldwell Banker-Shooltz Realty)
Comments 0
Mortgage rates down slightly this week, RealtorMag shares this information from their story dated 07/18/2014 in which they quote Freddie Mac... National averages on fixed-rate mortgages inched down this week, keeping borrowing costs near historic lows, Freddie Mac reports in its weekly mortgage m...
By Conrad Allen, Webster, Ma, Realtor
(Re/Max Professional Associates)
Comments 6
That is a great question.  I suppose interest rates could go lower but not enough to make a huge difference on your payments.  When your interest rate is fixed your principal and interest payment does not change over the life of the loan.  The cap is usually 5% on these variable loans.  So if you...
By Donald Horne, Associate Broker, Oxford / Lapeer Homes
(Coldwell Banker-Shooltz Realty)
Comments 1
Interest rates may rise sooner than expected, according to the Federal Reserve this will hinge on the labor market, new article in the RealtorMag dated 07/16/2014 quoted Janet Yellen...... Federal Reserve Chairwoman Janet Yellen said that the Fed may need to raise interest rates sooner than expec...
By David Shamansky, Creative, Aggresive & 560 FICO - OK, Colorado Mtgs
(US Mortgages - David Shamansky)
Comments 7
OK this post is inspired because a good AR friend of mine (Roger Mucci) wrote a post about difficulty with a budget matching paydays, so here you go. I don't run into this often but when I have I have made this suggestion to those who have truly appreciated the tip. So let me set the stage......
By TIM GARTON, "Highly Skilled Pro"
(RE/MAX Gold)
Comments 0
Hello Everyone,   Earlier this week, Gov. Jerry Brown signed AB 1393 (Perea), which extends tax relief on forgiveness of mortgage debt by conforming California law to federal law for the 2013 tax year.  C.A.R. supported the bill so that homeowners will not be charged state income tax when they’ve...
By Randi Brammer, Accountant & Tax Preparer
(Randi Brammer, Acctg.)
Comments 1
Those of you who filed for an extension of this years returns...the time is near. You have about 3 weeks to get filed and calanders are starting to fill up. Step one is to call your tax preparer and set up an appointment.  That gives you a deadline. If you wait and do it tomorrow...Well, tomorrow...
By Gene Mundt, Mortgage Lender - Chicago/Chicagoland Mortgages
(www.genemundt.com)
Comments 57
  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 mort...
By Gene Mundt, Mortgage Lender - Chicago/Chicagoland Mortgages
(www.genemundt.com)
Comments 5
The ABC's of DTI's  (Debt-to-Income Ratios)          Definition of Debt-to-Income Ratio:   The figure that represents how much of your income is spent repaying your recurring monthly debts.  The HIGHER your Debt-to-Income Ratio is, the more of your monthly income is being devoted to payi...
By Mark Taylor Mortgages, 602-361-0707 #MarkTaylor #Awesomerates NMLS#207897
(and for 1st Time Buyers, Move Up Buyers & Investors )
Comments 0
Home Sales Exceed Projections According To The National Association of REALTORS®     According to the National Association of REALTORS®, existing home sales surpassed both May sales and expectations for June. Sales of previously owned homes increased by 2.60 percent in June and reached a seasonal...
By Brian Heckman, Brian Heckman- Florida Mortgage Lender
(The Heckman Group)
Comments 1
What is Mortgage Protection?             Generally, mortgage protection insurance will cover a certain % of your monthly mortgage bill in the event that you lose your job or become disabled, for various lengths of time. (Each Sate has different policy requirements)  Most of these policies will a...
By Chris Freck, TheChrisFreckTeam
(International City Mortgage)
Comments 0
Rural Housing Home Buyer Assistance Ready to Own Your Own Home? Low - Moderate Income Household? Live in a Rural Area? Rural Development May Be Able to Help Check out this special video USDA Rural Housing Loans ♦♦     No Down Payment Required ♦♦     No Pre-determined Purchase Price Limits*  ♦♦   ...
By Cheryl Powell, The Powell Team- Helping YOU make the right move!
(RE/MAX Executive Realty - The Powell Team)
Comments 21
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 David Shamansky, Creative, Aggresive & 560 FICO - OK, Colorado Mtgs
(US Mortgages - David Shamansky)
Comments 9
Ever have this question run through your head? I know many do, especially when you are looking to purchase or refinance your home. In this market, which is abnormal in so many ways versus a normal (non fed controlled) market the answer becomes clear... WHO KNOWS! lol Now in reality the factors I ...
By John Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Total Mortgage Services, Conventional Loans, FHA, 203(k), USDA, VA, Jumbo loans)
Comments 2
What are reserves?  When are they important?     What are reserves?          Reserves, in the mortgage industry, refer to a borrower's assets AFTER the closing of a new loan.  Basically, if the borrower were to lose all income, how much in reserve do they have to continue to make mortgage pay...
By John Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Total Mortgage Services, Conventional Loans, FHA, 203(k), USDA, VA, Jumbo loans)
Comments 3
Orange County, CA Homeowners Insurance   Service Spotlight        I'll be sporadically posting reviews and recommendations for service providers and businesses that I personally use and love (and who knows, maybe I'll start posting about the ones I don't love, too!), and terming the p...
By Dee Toohey, Broker, ABR, AHWD, CIPS, FMS, ePro
(Innovative Realty Solutions Group)
Comments 1
New lending guidelines are coming in a few weeks.  If you are on the fence, they may affect you if you had a short sale or foreclosure.  Now is the time to get preapproved and get under contract if more than 2 years has passed.  If you have questions, just give me a call!  I'll be glad to con...