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 33
  So you just got your mortgage and saved some money or moved into your new home, CONGRATULATIONS! What typically happens in the next 1-2 months? A letter arrives talking about Bi-Weekly payments and how you can get out of debt and save tens of thousands in interest and payments by utilizing this...
By Shannon Milligan, Richmond VA Real Estate Agent, RVA Home Team - Winning with Integrity.
(RVA Home Team with Jefferson Properties)
Comments 47
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 Nevin Williams, Raleigh Mortgage Pro
(Sierra Pacific Mortgage Raleigh)
Comments 0
I reside in Raleigh but lend in the State of Virginia. Purchases and refinances.  Most of my Virginia home loan business is in Alexandria/DC Metro areas, Fairfax and Richmond.  If you need a home loan and live in Virginia I would love to help!  I specialize in VA (Veteran) home loans and luxury h...
By Gene Mundt, Mortgage Lender - Chicago/Chicagoland Mortgages
(www.genemundt.com)
Comments 26
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 John Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Total Mortgage Services, Conventional Loans, FHA, 203(k), USDA, VA, Jumbo loans)
Comments 5
Weekly Wrap - Your Mortgage Market Update     July 21-25, 2014          Finally!  I'm delivering on a Friday, as was originally intended & promised.  If all goes well (aka, I'll try!) these reports will be a consistent place to check the direction and trends for interest rates and th...
By Bruce Reichstein, VA Home Loan Expert +26 yrs - www.VALoans.com
(VALoans.com - Mortgage Banker - RE Agent Trusted Lender)
Comments 2
A reader asks, "I understand that this is an old thread but I was curious how I would go about finding an example to base how to write a letter of intent to stay in. I am part of a very small unit where our detachment commander (acting CO) has never done one of these letters and doesn't ...
By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Comments 0
 Pensacola, Florida: Homes in Pensacola For Sale, Buyers Rebates, Free Foreclosure List of Homes in Pensacola, Pace and Gulf Breeze Florida.   New PMI requirements could burden homebuyers A tighter post-recession rule proposed by the FHFA to make private mortgage insurance safer could also make P...
By Robert (Bob) Gilbert, Your Katy TX Real Estate Expert
(Berkshire Hathaway HomeServices Anderson Properties)
Comments 3
Home Equity Refinancing Tip in USA Weekend     Picture taken by and copyrighted by Bob Gilbert with all rights reserved. New home in Old Town Katy. I found this interesting article on USA Weekend written by Robert Powell. The question asked is whether a homeowner should refinance their Home Equit...
By Gene Mundt, Mortgage Lender - Chicago/Chicagoland Mortgages
(www.genemundt.com)
Comments 39
    Divorces:  How They Affect Marital Property      Recently, I've been asked by many Realtors and Attorneys to help finance a client looking to buy another property after or during their divorce ...       Because of the frequency of this scenario, I've been reminded that there's a l...
By Debbie Gartner, The Flooring Girl - Westchester hardwood flooring
(Floor Coverings International Westchester NY & Stamford CT)
Comments 2
This is a really important message for anyone looking to accelerate their mortgage payments.  David gives some great info on how the process really works and a good solution on how to manage this yourself and do at your own pace.   So you just got your mortgage and saved some money or moved into ...
By Nevin Williams, Raleigh Mortgage Pro
(Sierra Pacific Mortgage Raleigh)
Comments 0
Attention fellow Veterans and military service members:  I served in the US Army Infantry and used my VA home loan benefit twice.  Both times I was able to buy a home with NO MONEY DOWN! If you are thinking about using your VA home loan benefit or need more information about VA home loans click t...
By Dale Samples, REALTOR -Homes for Sale Charleston, West Virgini
(304.741.4705 • www.dalesamples.com )
Comments 5
Why Are Lenders So Meticulous? Give Me My Money Already!! Why are lenders so darn difficult to get along with? You found the perfect house and just need MegaNational Bank to fork over some dough so you can get moved in and start picking out drapes. Every day it feels like they need this documente...
By NW Real Estate |Colleen Fischesser & CO Serving Seattle-Tacoma area Since 1990!, Serving Seattle-Tacoma Home Sellers & Buyers since
(RE/MAX Select R.E | Designated Broker/Owner)
Comments 2
A concise explanation about the myth behind bi-weekly payments and the best way to pay your principal down, written by Colorado Lender, David Shamansky. Great advice I thought I'd share!   So you just got your mortgage and saved some money or moved into your new home, CONGRATULATIONS! What ty...
By Gene Mundt, Mortgage Lender - Chicago/Chicagoland Mortgages
(www.genemundt.com)
Comments 10
  New!  Chicago-Area/IL Small Apartment Loan Program Available   New options exist for those hoping to finance small residential apartment buildings (5 to 20-unit properties) in the Chicagoland/IL area.  (NO mixed-use properties allowed)   This new Small Apartment Loan Program is a great opportun...
By Cindy Edwards, CRS, GRI, PMN - Northeast Tennessee - 423-677-6677
(RE/MAX Checkmate)
Comments 4
Tim explores pre-approving buyers and what the 3 main things they look at.  It's interesting to listen to this casual take on how Tim can take the buyer and really educate them.  I was truly impressed and amazed talking to Tim.  he is very calm, thoughtful and has the heart of a teacher.  No ...
By David Shamansky, Creative, Aggresive & 560 FICO - OK, Colorado Mtgs
(US Mortgages - David Shamansky)
Comments 14
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 Karen Feltman, Relocation Specialist
(Cedar Rapids/Iowa City, IA Skogman Realty)
Comments 1
This is some really great information for homeowners.  Getting more "bang for your buck" by doing it yourself!  Adding 1/12 of your payment to each monthly payment is relatively painless for most people and it allows you to make one extra payment per year!  This reduces your overall int...
By Chris Thomas
(The Mortgage Experts at America's Mortgage, a Division of Cherry Creek Mortgage Co.)
Comments 135
If a borrower does not have enough money to pay for the required down payment, it is permissible to have a relative give the borrower the money for the down payment. With an FHA loan, the entire down payment amount can come from a relative.  The gift donor must sign a letter stating that the fund...
By Dale Samples, REALTOR -Homes for Sale Charleston, West Virgini
(304.741.4705 • www.dalesamples.com )
Comments 1
Most everyone wants to save on interest and pay off their loan as quickly as possible. Read this great article explaining why you may be doing it wrong if you are paying bi-weekly.   So you just got your mortgage and saved some money or moved into your new home, CONGRATULATIONS! What typically ha...
By Nick Walton, Call 469-556-2393
(JP & Associates REALTORS®)
Comments 1
What Is A Good Faith Estimate and How Can It Help Me?  A Good Faith Estate or GFE for short is an estimate that must include an itemized list of fees and costs associated with the loan and must be provided within 3 business days of applying for a loan.