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 Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
Comments 27
  What You Need to Know About Credit FreezesWhen Buying a Home   Currently, I'm working with clients that had chosen ... prior to their mortgage application ... to place a Credit Freeze on their credit file and credit accounts ...They had decided to take that action after the discovery of 2017's ...

By Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce
(EXP Realty 414-525-0563)
Comments 15
. It matters not whether it is a first time Buyer or Buyers who have not bought in a while...Credit Scores are sometimes a "foreign number"  and not been "translated" in a while...OR the impact of lower score on many more things than individuals realize.    It matters not that the ABC Credit Bur...

By Tom Rex, CPA, USTCP, Tax Problem Resolution
(Thomas G Rex CPA)
Comments 2
I saw an advertising for medical marijuana that said something like - get legal for 2019!We can say the same thing for not filing tax returns. If you have a filing obligation, then you need to file!Here's what IRS publication 501 says:If you are a U.S. citizen or resident alien, whether you must ...

By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
Comments 7
  Stay Calm and Take These Steps if You've Received a Mortgage Denial  Emotions play a big part in the home buying and financing processes.  In fact, an emotion (or two) may have provided most people the initial motivation to begin the process to buy in the first place ...   Emotions, such as cur...

By Chuck Carstensen, Minnesota Real Estate Expert
(RE/MAX Results)
Comments 0
Carstensen Team Re/Max Results featuring Paragon Credit Services Weekly Videos Week 6. Go from credit challenged to credit genius with this 16 week video series from Paragon Credit Services! In week six of the Credit Genius video we'll discuss how the history of credit scoring came to be and how ...

By Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Comments 0
32514 Pensacola Florida News: Frustrated buyers should consider a fixer-upper mortgage Buyers who pick a fixer-upper can secure a mortgage that includes repair costs. They'll not only have a wider selection of listings to consider, but the home can then have new elements in the color and style th...

By James Wade, Tax attorney serving clients in Portland, ME
(Law Office of James D. Wade)
Comments 0
Alternate title: Why Being Current is the Key to Resolving Your Back TaxesThis may sound strange but if you owe money to the IRS, it is more concerned - at least initially - with your current tax situation than your unpaid taxes. While that may sound backwards, the IRS' reasoning is solid: taxpay...

By Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce
(EXP Realty 414-525-0563)
Comments 2
It happens...sometimes with incorrect information...and things that can be fixed over time....sage words from Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi  if you find yourself in this position.     Stay Calm and Take These Steps if You've Received a Mortgage Denial   ...

By Debra Leisek
( Bay Realty,Inc Homer Alaska)
Comments 8
This is very good information for those who Froze your credit during the Equifax debacle!Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi  gives you everything you need to know about the process to unfreeze your credit permanently or temporarily while you buy your new home...

By Dora Griffin, NMLS 6380
(D A Griffin Financial.LLC)
Comments 2
 I'm Self Employed, Can I Buy A Home? I had a call today from a self employed home buyer with questions about buying a home. He had called his banking partner and was told he needed two years of self employed income to qualify for a home loan and he should call a mortgage broker. And they are rig...

By Bob Thompson, 562.344.5626 | Stated Income & HELOCs, BT Capital Advisors - Commercial & Residential
(BT Capital Advisors, CEO/Senior Account Executive)
Comments 0
(NIVA) Home Equity Line of Credit (HELOC) No Income Verified - Verified Assets Owner-Occupied, Non-Owner Occupied and Second Homes, SFR's, 2-4's and Condos. 620+ FICO needed. Must provide proof of at least 6 months of PITIA reserves. 700+ FICO 3.88% rate for the first 6 months. Loan amounts from ...

By Eric Robb, Real Estate Consultant serving Metro Atlanta
(Robb Realty)
Comments 0
Aside from choosing the Johns Creek home you want to make an offer on, deciding what type of financing to secure and from what lender is arguably one of the biggest decisions you’ll make as a homebuyer. This week we have included three tips to help you choose the right mortgage lender for you. Sh...

By Gary D. Whidby, CPA, IRS Administrative Tax Law Representation
(Gary D. Whidby, CPA)
Comments 6
For the vast majority of taxpayers, there is not much need to worry that you will be audited. https://statewidecpa.com/blog/2018/11/my-blog In 2016, only 0.6% of individual income tax returns were audited according to the IRS 2017 Data Book. Why? For starters, the IRS budget has been cut resulti...

By Karen Schimpf, When the Bank Says No, I CAN Get Your Deal CLOSED!
(Commercial Capital Ltd.)
Comments 1
  https://flic.kr/p/onAAHX Government Shutdown Stops SBA Funding (But we can help!)I was in school when I read a book called, “The Art of the Deal” by Donald Trump. I believe that is the first place I read that the person who wins a negotiation is the person willing to walk away. So if you ask me...

By Tom Rex, CPA, USTCP, Tax Problem Resolution
(Thomas G Rex CPA)
Comments 2
The Tax Cuts and Jobs Act (TCJA) limited the amount of state and local taxes individuals can deduct in a calendar year to $10,000, or $5,000 if married filing separately. This applies to income, real estate, and sales taxes.  There may be some tax planning possibilities for timing when these taxe...

By Chris Thomas
(The Mortgage Experts at America's Mortgage, a Division of Cherry Creek Mortgage Co.)
Comments 1
Here's another common question:Q: What does POC mean on a Good Faith Estimate and a Final Settlement Statement?A: POC stands for Paid Outside of Closing, and refers to any fee that is not being disbursed at the closing. The two most common POC charges are the appraisal fee (if it has been paid by...

By Brian Skaar, VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480
(VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender)
Comments 0
  For the Week Ending January 11, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets.   The government shutdown, in its third week, hasn't yet shown signs of affecting the economy. However, it has impacted some mortgage programs like USDA. After a ...

By Melanie Cameron, The Cameron Team
(Coldwell Banker Sea Coast Advantage)
Comments 0
Realtor Melanie Cameron of The Cameron Team speaks with Chris Hutchens, Branch Manager and V.P. of Mortgage Lending at Guaranteed Rate, about the services he and his mortgage lenders provide. If you're thinking about buying a home in the Wilmington area and need to finance the purchase, consider ...

By Brian Skaar, VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480
(VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender)
Comments 0
For the Week Ending January 4, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets.   December's private payroll saw its biggest monthly increase in nearly 2 years, suggesting sustained strength in the labor market despite ongoing financial market ...

By Real Living GreatWest
(Real Living GreatWest)
Comments 4
One of the major problems in the mortgage industry today is, most potential home buyers over estimate how much home they can afford. I will discuss how your bank evaluates your income and how you can use what the banks use to figure out how much you can spend. The two major ratios that banks use ...