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 Craig Bosse, Jumbo and "Outside the Box" Loan Specialist
Comments 2

By Martin Mills
(Cambridge Credit Consultants )
Comments 6
It is possible to remove late payments from your credit report, one process is called re-aging.  The re-aging process can remove late payments from your credit report which will help raise your credit score.     Yes, you can erase bad debt. So what is re-aging? Most people, even a self-proclaimed...

By Dora Griffin, NMLS 6380
(D A Griffin Financial.LLC)
Comments 0
BUYING A HOME, CREDIT DISPUTES CAN BE PROBLEMATIC If one is interested in buying a home I always talk to them about credit. I do this before I pull credit because I want them to have the highest score possible. Having the highest score possible may not be necessary when buying a home but it could...

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 24
  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 Patty Clark, Helping Families Move with Care
(Morningside Homes, LLC)
Comments 0
Will Points Make a Difference Lenders typically quote mortgages at a market rate but can offer a lower interest rate loan if the borrower is willing to pay points up-front which is considered pre-paid interest.  These points are generally tax deductible for the year paid when the borrower pays th...

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 March 7, 2019   Please enjoy this quick update on what happened this week in the housing and financial markets.   A U.S./China trade deal may be close, after months of trade disputes. If a deal is signed, it could put some pressure on rates, as stocks may rally on the news. T...

By Bob Elliot, 20+ Yrs Local Industry Experience
(RE/MAX RESULTS)
Comments 0
Many mortgage payments are made up of four parts, called PITI. PITI is an acronym that stands for principal, interest, tax, and insurance. It's important to understand PITI because it is the real number you need to use in order to find out how much mortgage you can afford to pay each month.One of...

By Bob Thompson, 562.344.5626 | Stated Income & HELOCs, RT Capital Advisors, Inc.- Commercial/Residential
(RT Capital Advisors, Inc. CEO)
Comments 0
Stated Income, Verified Asset - Purchase or Refinance Loans Fix and Flip or Long Term Hold - Loan Amounts to $2,000,000. Commercial or Residential Loans for Non-Owner and Investment properties up to 75% LTV. Terms: 3 and 8 yr ARMs fixed then adjustable for remainder of 30 years. 1 yr FIX and Fli...

By Bob Thompson, 562.344.5626 | Stated Income & HELOCs, RT Capital Advisors, Inc.- Commercial/Residential
(RT Capital Advisors, Inc. CEO)
Comments 0
 No Income, Verified Asset (NIVA) Loan for Investment and Owner-Occupied Properties.680 mid FICO, SFR's, 1-4's, Condos and PUD'sTerms: 15 or 30 year fixed, 3, 5 or 7/1 ARMs from 5%. Purchase: 70% LTV to 2M, up to 100% of the down can be gifted Refinance: 65% LTV to 2M Cash out: 60% to 1M, 50% LTV...

By Bob Thompson, 562.344.5626 | Stated Income & HELOCs, RT Capital Advisors, Inc.- Commercial/Residential
(RT Capital Advisors, Inc. CEO)
Comments 0
Private Money - Private Party Loans for Owner and Non-Owner Occupied properties.Commercial and Residential Loans for purchase or refinance up to 80% LTV.Terms: 1, 2, 3, 4 or 5 year loans amortized for 30 or 40 years.Rates from 7.99% and 2 points.NO minimum FICO score required.Choose a pre-pay per...

By Bob Thompson, 562.344.5626 | Stated Income & HELOCs, RT Capital Advisors, Inc.- Commercial/Residential
(RT Capital Advisors, Inc. CEO)
Comments 0
Home Equity Line of Credit (HELOC)   No Income Verified Verified Assets (NIVA) or Stated Income Stated Assets (SISA)  Owner-Occupied, Non-Owner Occupied and Second Homes, SFR's, 2-4's and Condos. 600+ FICO needed. Over 700 FICO, first 6 months starting at 3.88%.  Loan amounts from $150,000 - $5,5...

By Chris Goulart, California Hard Money Loans & Solutions
(All California Lending)
Comments 0
While we help with private money throughout the state of California, we work with a lot of investors and private equity groups based in and around the Sacramento area.  As such, we have access to a lot of capital.  On Sacramento hard money loans, for purchase or refinance, we can often times put ...

By Richard Woodward NMLS#217454, Service Beyond Expectations! Your Texas Lender
(Service First Mortgage, NMLS #166487)
Comments 1
What is a Reverse Mortgage? Is A Reverse Mortgage Right For Me. The answer is, well, maybe. Do you have lots of equity in your home? Do you have less than a couple of years worth of savings? Then yes! A reverse mortgage could be right for you. Do you have a regular mortgage and are in retirement....

By Bob Thompson, 562.344.5626 | Stated Income & HELOCs, RT Capital Advisors, Inc.- Commercial/Residential
(RT Capital Advisors, Inc. CEO)
Comments 0
12 Month Bank Statement Averaging, 1 Year Taxes or Asset Amortization Loans for Business Owners or Employees.  Self-Employed for the last 2 years: No Taxes, w2's or executed 4506T are required, Realtors are considered self-employed.  Employees: w2's and paystubs only for Primary Residence     3,...

By Wendi-Mae Davis, CRS, GRI, Broker Associate
(Future Homes & Real Estate)
Comments 1
You are credit worthy, and help is here, for you to buy a home...after Foreclosure, after a Short Sale and even a reduction in income...Never give up if your goal is to be a home owner again!You may just think it is WILD that you can get a loan even with a REDUCTION in income-read on-and don't mi...

By Bob Elliot, 20+ Yrs Local Industry Experience
(RE/MAX RESULTS)
Comments 1
For many Americans, their home is their primary investment. The equity stored in your residence can be a source of available cash for home repairs, upgrades, or for financing the purchase of investment properties. However, few homeowners really understand the process that results in home equity.W...

By Chuck Carstensen, Minnesota Real Estate Expert
(RE/MAX Results)
Comments 0
Go from credit challenged to credit genius with this 16 week video series from Paragon Credit Services! In week fourteen of the Credit Genius video we'll discuss what a transactor and a revolver are and how these affect your credit score! Watch the video for full details! We would love the opport...

By Diana Zaccaro "The Accidental Blogger", Your Brevard County, Florida coastal connection!
(Tropical Realty Beachside brokered by eXp)
Comments 4
Brevard County Residential Report January 2019 Closed Sales were down -7.5% for January 2019 with 521 units closed compared to 563 in 2018.  Cash sales decreased -2.6% compared to January 2018. New Pending Sales were down -7.4%.  New Listings were up 0.6%. The Median Sales Price for Brevard Singl...

By Keith Landis, Pennsylvania - "Your Pennsylvania Mortgage Source"
(Keystone Home Finance - NMLS#834342 - Conventional - FHA - VA -USDA - Jumbo Programs - Direct Phone 412-726-1654)
Comments 0
The USDA Mortgage Program, also know as a Rural Development Loan, allows home buyers to purchase a property without a down payment requirement.  What surprises home buyers is that this program is also available in many suburbs of larger cities and in towns with sizeable populations such as Gettys...

By Keith Landis, Pennsylvania - "Your Pennsylvania Mortgage Source"
(Keystone Home Finance - NMLS#834342 - Conventional - FHA - VA -USDA - Jumbo Programs - Direct Phone 412-726-1654)
Comments 0
The USDA Loan Program allows home buyers to purchase a home without the need for a down payment.  Also known as a Rural Development Loan, the program does have geographic and income restrictions. What areas of Bucks County are eligible for a USDA Mortgage Loan?Most of Upper Bucks County is eligib...