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 David Shamansky, Creative, Aggresive & 560 FICO - OK, Colorado Mtgs
(US Mortgages - David Shamansky)
Comments 39
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 Gene Mundt, Mortgage Lender - Chicago/Chicagoland Mortgages
(www.genemundt.com)
Comments 24
   AFTER Your Mortgage Closing: Keeping the Lines of Communication Flowing          This post, although specifically aimed at my mortgage clients, contains a message that can pertain to other service provider's customers too ...         The topic?  Communication!       Specifically, the lines of ...
By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
Comments 7
IF HER STORY IS TRUE!!! Don't be shocked that I would say that.  Fact is, I've heard it before and it never turned out to be fact. So, IF her story is true, the management of that bank should know that the bank's employee is giving bad advice to clients/customers.  In fact, IF her story is true, ...
By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
Comments 46
One Problem With Online Consumer Home Search Sites Is Price Range. Most home buyers do NOT understand the nuances of computing a home price range.  Of the many prospective buyers I qualify, most have no idea of what goes into a price range.   Should buyers dictate the price range for their home s...
By Dennis Dahlberg
(Level 4 Funding )
Comments 0
When people talk about hard money loans, ears often go up. Hard money loans sound like a scary thing, but they really aren’t! In fact, they are incredibly helpful! Traditional loans in the past were great, but now they no longer help people as often because banks don’t want to give loans out to t...
By Gene Mundt, Mortgage Lender - Chicago/Chicagoland Mortgages
(www.genemundt.com)
Comments 3
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 Gretchen Conley, Howard County MD Real Estate
(Keller Williams Realty Centre)
Comments 1
The Qualified Mortgage Rule came into effect on January 14, 2014 as one of the results to the Dodd Frank Reform Act to protect consumers from predatory lending practices.  This will affect the underwriting standards that the majority of lenders will use to qualify borrowers. The ability to repay ...
By Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
( Social Media - Infinity Home Mortgage Company, Inc)
Comments 30
Do you know the difference, as a consumer or even as a realtor? It can be deceiving when shopping for a home, because you might think that you are fully approved, but you aren't. Why doe this matter? There are several reasons why.  Pre-Qualification Letter  Just a standard letter by the lender st...
By David Shamansky, Creative, Aggresive & 560 FICO - OK, Colorado Mtgs
(US Mortgages - David Shamansky)
Comments 3
Sounds like I may be teaching someone how to drive but the reality of this post is, I was asked by one of my favorite rainers to write a post regarding Reverse Mortgages so with that said here you go...  While I will admit I may not hit every question regarding a Reverse Mortgage, I am very well ...
By Jeff Pearl
(RE/MAX Distinctive / LIC in VA)
Comments 18
 Sometimes a buyer seems a little hesitant to talk about there mortgage pre-approval situation when I first start working with them. After all, we just met by phone or in person, and they could still be shopping for an agent. I will initially start showing them properties, but during that process...
By Darren Copeland, Darren Copeland
(Leader One Financial)
Comments 0
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 Chris Freck, TheChrisFreckTeam
(International City Mortgage)
Comments 0
Rural Housing Home Buyer Assistance Ready to Own Your Own Home? Low to 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 Bob Thompson, Commercial & Residential, ALT-Doc & Stated Income Loans, (562)344-LOAN
(RMF Lending, Inc.)
Comments 0
Stated Income Stated Asset, Owner-Occupied, Second Home or Investment - HELOC  With no minimum FICO needed - just have no degrogatory credit in the last 12 Months! LTV 50% to $2,000,000 First Position Prime + 1% Floating Second Position Prime + 2% Floating I/O or 30 Yr. Amortization options Avail...
By Bill Kamboukos
(Strategic Mortgage)
Comments 0
The HARP refinance program is a program that has allowed millions of homeowners the option to refinance and take advantage of today’s low interest rates, with little or no equity in their homes. In addition, the program also has served a need to help homeowners in other difficult situations to r...
By Bill Kamboukos
(Strategic Mortgage)
Comments 0
As we have detailed in recent weeks, the HARP refinance program has now been expanded to allow more homeowners the option to refinance and take advantage of historically low interest rates. The program is a government backed initiative to allow borrowers who could previously not refinance, due t...
By Bob Thompson, Commercial & Residential, ALT-Doc & Stated Income Loans, (562)344-LOAN
(RMF Lending, Inc.)
Comments 0
No minimum FICO! But no lates last 12 months. Stated Income Verified Assets Purchase or Refi your Primary, Owner- Occupied SFR, 1-4 or Condos also Second Homes and Investment Property  LTV 60% to $2,000,000 1 Yr. Fixed 4.000% - APR 4.137% 3 Yr. Fixed 5.250% - APR 5.327% Index, 1 yr. LIBOR 2/2/6 c...
By Bill Kamboukos
(Strategic Mortgage)
Comments 0
As we have written about recently, the HARP refinance program is a government backed initiative to allow borrowers who could previously not refinance, due to lack of equity or being upside down in their homes, to now do so. In addition, the program also can help homeowners who have had a recent ...
By Bill Kamboukos
(Strategic Mortgage)
Comments 0
  In today’s mortgage marketplace, many home loan products that seem to go away for some time are making a strong come back, but in ways that makes sense. Home loans for second homes or in other words, vacations homes and home loans for investment properties are available and viable in today's m...
By Bill Kamboukos
(Strategic Mortgage)
Comments 0
When it comes to credit scores, many consumers don't know what to believe or what goes into calculating ones score. And that's for good reason, as credit scores are derived from complex algorithms, too complex for even the most astute financial person to fully comprehend. However, there are cert...
By Whitney Watson
(First Home Mortgage)
Comments 6
My first car was a 1979 hunter green Volvo (circa 1998).  I loved it!  Sure, I had to keep one foot on the gas and one on the brake at stop lights so that it wouldn’t cut off because it idled so low, but it had a brand new paint job and a cassette player which was all that mattered to me at the t...