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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.

Recent blogs on Lending / Financial
By Dwayne Briscoe, Tax Resolution & QuickBooks Bookkeeping Specialis
(BOOKKEEPING-RESULTS, LLC)
Since nearly 70% of applicants are rejected for the Offer In Compromise program at any given time, it's not unusual to possibly get rejected for a variety of reasons. Unfortunately, you MUST submit your appeal within 30 days of the date of the notice of rejection, NOT the date you received it. Therefore, you must be aware that you may have as little as 2 or 3 weeks that you have to prepare for appeal or you must start the entire process from scratch and the IRS Office of Appeals will not consider your current application.Upon Failure to Receive an OfferThe full tax liability goes back to the original amount, with no interest and penalties recalculated. Failure to file an appeal in a timely manner will result in the full tax liability binding and the Offer In Compromise application close...
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By Bob Elliot, 30+ Yrs Industry Experience
(eXp Realty)
This week, the most important release of the year regarding inflation data will occur. Once again the CPI and PPI take the front stage clearing the way for rate cuts made by the Federal Reserves. Based on several indicators, there is strong confidence that if the upcoming inflation data meets expectations, we could see interest rate cuts before the year ends. In addition to the inflation data, the Consumer Credit reports will be released early this week. Both lending partners and the broader market have high expectations for these reports.The previous week's employment data also had a lot of positive things to say, with wages growing faster than inflation. The overall economic outlook has been positive.U.S. Trade DeficitThe U.S. international trade deficit widened 7.9% in July to $78.8 ...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Borrowing costs fell ahead of the Federal Reserve’s anticipated rate cut next week. But economists say home buyers may not want to wait to see if rates go lower.The 30-year fixed-rate mortgage fell to 6.2% this week, down significantly from a year ago, when it surged above 7%. But some prospective home buyers are holding out for even lower rates in anticipation of the Federal Reserve’s meeting next week, when it’s expected to cut short-term interest rates.Still, home buyers may be getting their hopes up too much: “Even with the September expected rate cut [by the Fed], mortgage interest rates are not likely to move as this cut has been baked into the mortgage market,” says Jessica Lautz, deputy chief economist of the National Association of REALTORS®.Instead, prospective buyers may want...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Charles Stallions, a real estate expert and broker since 1995, holds several designations, including CRS, and is a certified real estate specialist who is well-versed and educated in the mortgage industry. As your buyer representative, Stallions can SHOW YOU THE MONEY and guide you through your options from preapproval to approval, whether you're buying your first home or finding the right investment property. Call or Text Charles at 850-476-4494 and start packing. Stallions works with many moving companies and can advise you on how the Smooth Move process works. Getting approved for a loan is one of the most crucial steps in the home-buying process. With Charles Stallions as your trusted real estate broker, you’ll have the guidance and expertise to navigate this complex journey smoothl...
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By Dwayne Briscoe, Tax Resolution & QuickBooks Bookkeeping Specialis
(BOOKKEEPING-RESULTS, LLC)
 In the Offer In Compromise application, if you feel that your spouse has no tax liability, their assets and income will not be considered in determining the amount of the offer. Unfortunately, it will be reviewed by the IRS as to whether there were significant transference of those assets and income BEFORE the Offer In Compromise was in the process of being considered to avoid the taxpayer's obligations to be held. This could potentially lead to criminal charges base on your Officer In Compromise, should they deem that significant "moving around" was used for concealment to no jus the non-liable but also potential other relatives or friends of the applicant.It is well documented that the IRS has a plethora of resources at their disposal, including copies of signed tax returns of the ap...
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By Keith Dean, Fast Cash Offers
(Digital Bullet)
Ever wondered if there's a way to become your own bank? The infinite banking system offers a unique financial strategy that lets you take control of your money like never before. By leveraging whole life insurance policies, you can create a personal banking system that provides liquidity, growth, and tax advantages. I’ve delved into the intricacies of this concept and found it to be a game-changer for financial freedom. Imagine borrowing from yourself instead of a traditional bank, paying yourself back with interest, and watching your wealth grow. Intrigued? Let's explore how this powerful tool can redefine your financial future.Infinite Banking System ExplainedInfinite banking revolves around leveraging whole life insurance policies. These policies build cash value, which can be access...
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By Dwayne Briscoe, Tax Resolution & QuickBooks Bookkeeping Specialis
(BOOKKEEPING-RESULTS, LLC)
When the IRS is looking a the Offer In Compromise regarding the applicant's property situation there are three main sets of circumstances because it all depends on the state where they reside, as well as how the title is set up.When it comes to a state that has Community Property (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin), also which Alaska is an opt-in community property state, it’s considered separate unless both parties agree through an agreement or trust in the 50 United States. This is important because the Offer In Compromise application will be asking you to list this information, especially if you and your spouse are on the title. This DOES NOT necessarily affect siblings or non-related individuals; however, it will need to stil...
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By Keith Dean, Fast Cash Offers
(Digital Bullet)
Imagine having control over your financial destiny without relying on traditional banks. That's the promise of the Infinite Banking System (IBS). This concept isn't just another financial strategy; it's a paradigm shift in how we think about saving, borrowing, and growing wealth. I first came across Infinite Banking while searching for ways to make my money work harder for me. The idea of becoming my own banker intrigued me. By leveraging whole life insurance policies, I could create a personal banking system that offers liquidity, tax advantages, and financial security. In this article, I'll break down the fundamentals of Infinite Banking and how it can transform your financial future.What Is the Infinite Banking System?The Infinite Banking System (IBS) leverages whole life insurance t...
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
               Latest rates, based on 20 percent down, $200,000 owner-occupant mortgages. The rates and terms may vary; check with lenders for details. Rates may have changed click here to verifyRates Posted Wednesday, September 4, 2024  Lender Term/Type Interest Rate % Points % *APR American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 4.750 2.000 5.175 30-YR Fixed 5.625 2.000 5.888 5-YR ARM 5.125 2.125 6.585 Bank of Hawaii877-616-2636 15-YR Fixed 5.500 0.875 5.636 30-YR Fixed 5.875 1.625 6.027 5-YR ARM 5.625 0.750 6.832 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 4.750 2.000 5.183 30-YR Fixed 5.625 1.750 5.870 5-YR ARM 6.875 0.000 7.798 Finance Factors808-548-3300NMLS#449916 15-YR Fixed 4.875 1.875 5.380 30-YR Fixed 5.625 2.250 5.971 5-YR ARM 6.000 1.500 7.137 First Haw...
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By Dwayne Briscoe, Tax Resolution & QuickBooks Bookkeeping Specialis
(BOOKKEEPING-RESULTS, LLC)
With the latest statistics of only 31% in 2021 of Offer In Compromise applications were accepted out of over 49,000 submissions, it's not an easy task. There are no actual numbers as to how much is discounted, let alone whether they are lost ue to failure to adhere to the rules such as making sure their taxes are paid and filed on time.All Tax Returns Must Be Filed and Accepted by the IRSFor an Offer In Compromise to be considered, you need to have your personal tax returns, and if this is for a business, the same goes for it. If you are a shareholder and/or partner, the Offer In Compromise must have also your K-1 or 1099-DIV Forms for business shareholders filed with your Form 1040s. This will also be taken into account with your Offer In Compromise application.A Substitute For Return ...
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By Dwayne Briscoe, Tax Resolution & QuickBooks Bookkeeping Specialis
(BOOKKEEPING-RESULTS, LLC)
If you owe the IRS taxes and unable to pay in full and want to see about paying a smaller amount about what you can afford, the IRS has an Offer In Compromise Program established to give taxpayers and business owners the opportunity to submit paperwork for it to be considered. Unfortunately, there is NEVER a guarantee you would be eligible for what you consider your Offer In Compromise amount to be accepted, and it still does not release you from your full tax obligation if you fail to pay your agreed discounted tax liability.For 2021, only 31% of Offer In Compromise applications were accepted out of over 49,000 submissions, partially because of:- incomplete information or fee had been included,- inadequate tax returns not completed before the Offer In Compromise submission,- your tax c...
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By Keith Dean, Fast Cash Offers
(Digital Bullet)
Imagine a world where you're your own banker, dictating the terms of your financial journey. Welcome to the universe of the infinite banking system. It's an innovative approach that's been shaking up the world of finance, empowering individuals to take control of their financial destiny. In this article, I'll be your guide, unraveling the mysteries of infinite banking. We'll explore its ins and outs, and how it can potentially transform your financial landscape. So, buckle up and prepare for an enlightening journey into the realm of infinite banking. The road to financial independence could be closer than you think.Understanding the Infinite Banking SystemExploring the infinite banking system catapults us into a fresh paradigm of financial management, which relinquishes us from the trad...
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By Bob Elliot, 30+ Yrs Industry Experience
(eXp Realty)
With the PCE Index data coming in as exactly as expected and the Federal Reserve signaling a strong potential for a rate cut, there is much optimism we will be seeing a rate cut this year if not the start of the next year. Among the PCE inflation data reports was the GDP initial figures which have projected the economy has grown faster than expected and additionally Personal Income data had also grown faster than expected. Both very positive signs with inflation finally showing signs of flagging after in part due to the Federal Reserve’s aggressive monetary policy.GDP (2nd Revision)The U.S. economy grew at a 3% annual pace in the second quarter instead of the 2.8% rate originally estimated, revised government data released Thursday show. Economists polled by the Wall Street Journal were...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Charles Stallions, a real estate expert and broker since 1995, holds several designations, including CRS, and is a certified real estate specialist who is well-versed and educated in the mortgage industry. As your buyer representative, Stallions can guide you through your options from preapproval to approval. Call or Text Charles at 850-476-4494 and start packing.  Stallions works with many moving companies and can advise you on how The Smooth Move process works. Getting approved for a loan is one of the most crucial steps in the home-buying process. With Charles Stallions as your trusted real estate broker, you’ll have the guidance and expertise to navigate this complex journey smoothly. Charles’s extensive experience in the real estate market, particularly in Escambia County, Florida,...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
What Should You Pay a Financial Advisor?A financial advisor can give valuable insight into what you should be doing with your money to reach your financial goals. But they don’t offer their advice for free. While the typical annual financial advisor fee is thought to be 1%, according to a 2023 study, the average financial advisor fee can range from 0.59% to 1.18% annually. However, rates can typically decrease when you invest more money.The C-Note is a short version of the monthly newsletter put out by Charles Stallions, (CRS) Certified Residential Specialist, (SREE) Senior Real Estate Expert, (CPI) Certified Property Investor, New Home Specialist, Certified Buyer Expert, and Broker of Real Estate since 1995.Mortgage 101: Thinking of financing, refinancing, or just needing to understand...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
How you withdraw funds in retirement will determine how long your nest egg will likely last and the taxes you’ll pay on those withdrawals. Knowing what to do when it comes time to start relying on your retirement accounts is just as important as knowing what not to do. Here are four things you want to avoid when making withdrawals.The C-Note is a short version of the monthly newsletter put out by Charles Stallions, (CRS) Certified Residential Specialist, (SREE) Senior Real Estate Expert, (CPI) Certified Property Investor, New Home Specialist, Certified Buyer Expert, and Broker of Real Estate since 1995.Mortgage 101: Thinking of financing, refinancing, or just needing to understand how the process works? It all starts here. We research whether it's a VA, FHA, conventional, or non-traditi...
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By Rodney Mason, VP of Mtg Lending, AL,AR,AZ,CA,CO,FL,GA,IN,MI,MS,NC,NV,SC,TN,TX,VA,WA
(Rate, Inc NMLS# 2611)
An Accessory Dwelling Unit (ADU) can increase your property value and generate passive income.  From HELOCs* to flexible second mortgages to hassle-free personal loans**, our wide range of financing solutions can help make it happen. We also offer a variety of Renovation Mortgage programs as well.  These options include: FHA 203(k) Renovation - Limited & Standard Fannie Mae HomeStyle Renovation Freddie Mac CHOICERenovation VA Renovation With our Renovation loan programs, you can use the higher Subject To Appraised value to finance your ADU.  This allows our Renovation loan programs the ability to tap into the improved value of your home vs the current appraised value. An ADU can have a wide range of uses or fit a variety of needs.  For some, it can be a great way to earn additional inco...
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By Keith Dean, Fast Cash Offers
(Digital Bullet)
Infinite Banking: Unlocking Financial Success and Wealth Building StrategiesImagine a financial system where you don't have to rely on traditional banks, one that offers you the control and flexibility to grow your wealth independently. This isn't just a dream—it's called Infinite Banking. Developed by Nelson Nash in the 1980s, this strategy allows individuals like you to harness whole life insurance policies as powerful financial tools. Instead of being at the mercy of fluctuating bank interest rates or stringent loan approvals, you gain access to liquidity and growth within your policy itself.The true beauty of Infinite Banking lies in its simplicity and self-reliant nature. By tapping into your life insurance's cash value, you can fund investments, cover emergencies, or make large pu...
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By Dick Betts, REALTOR® The Villages, Florida
(TOUCHSTONE REAL ESTATE)
Yay interest rates are coming down, whoa, slow down not so fast.  I have shared in the past about a sweet spot in homebuying catching that right time.  We are in a buyer’s market now, so home prices are steady or down a little.  When interest rates drop it turns into a seller’s market and home prices tend to go up.  Picture two curves rates dropping the other home prices going up, you want to buy when the curves meet on the low end of both curves.  Just found out yesterday how you the homebuyer who has been waiting can catch the bottom of both curves.My “A” lender Guy Ronda, she’s not a guy called all excited about a program released yesterday.  One of the major lenders is offering a 2/1 buy down, let me explain.  First with good credit the best interest rate Ronda could give me last ni...
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Understanding the various real estate financing options available can help you choose the best path to homeownership or property investment. Whether you opt for a traditional mortgage, a government-backed loan, or a specialized financing option, it's essential to consider your financial situation, long-term goals, and the specific requirements of each loan type.   When it comes to purchasing real estate, understanding your financing options is crucial to making a well-informed decision. Whether you're buying your first home, investing in rental properties, or looking for a vacation home, there are various financing routes you can take to secure the necessary funds. Each option has its own set of benefits, requirements, and considerations, so it’s important to choose the one that best al...
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