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.

Recent blogs on Lending / Financial
By Marcus Anderson, Mortgage Broker & Agent | Westside Los Angeles, CA
(MortgageBrokerSantaMonica.com)
Mortgage Broker Beverly Hills | Tips for Securing the Right Mortgage for You in Beverly HillsTips for Securing the Right Mortgage for You in Beverly Hills - Are you looking to secure the right mortgage for yourself in Beverly Hills? It can be a complicated process, but by following a few simple steps, you’ll be able to find the best deal to fit your needs. From understanding your credit score and getting pre-approved to educating yourself on mortgage terms and asking questions of experts, there is a lot to consider when it comes to finding the right mortgage for you. We’ll provide you with some tips to make sure you get the best deal possible.Mortgage Broker Beverly Hills | Tips for Securing the Right Mortgage for You in Beverly Hills | Key Takeaways Define your mortgage needs to narrow...
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By Marcus Anderson, Mortgage Broker & Agent | Westside Los Angeles, CA
(MortgageBrokerSantaMonica.com)
Mortgage Broker Santa Monica | The Advantages of Working with a Local Mortgage Broker in Santa MonicaThe Advantages of Working with a Local Mortgage Broker in Santa Monica - When it comes to securing a mortgage for a home purchase, it's always important to find the right partner to work with. For prospective home buyers in the Santa Monica area, it pays to work with a local mortgage broker who can provide personalized advice and services. By working with a local broker, borrowers in Santa Monica can enjoy a number of advantages that can make the process of obtaining a mortgage easier and more convenient. In this blog post, we'll take a closer look at why working with a local mortgage broker in Santa Monica can be beneficial. We'll review the various services they can provide, the expert...
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By Dennis Dahlberg Broker/RI 623-582-4444
(Level 4 Funding )
Understanding what a hard money loan represents is the first step in breaking down real estate financing. Hard money loans are, after all, a real estate investor’s best friend; they are the quickest path to securing a deal. Nonetheless, hard money lending can get complicated quickly, so you need to realize what you are getting into before making any decisions for yourself.When exploring real estate hard money lending, you need to comprehend several questions: What are the pros and cons of such a strategy? When should you use private financing for real estate? Where can you find hard money lenders for real estate? The more you know about hard money, for that matter, the better. This guide should lay a solid foundation for everything you need to know about one of today’s most significant ...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
Prioritizing Your Wants and Needs as a Homebuyer in Today’s Market There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this winter, you’ll need to be strategic so you can find a home that meets your needs and budget. Danielle Hale, Chief Economist at realtor.com, explains: “The key to making a good decision in this challenging housing market is to be laser focused on what you need now and in the years ahead, . . . Another key point is to avoid stretching your budget, as tempting as it may be given the diminished purchasing power.” In other words, it’s important ...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
VA Loans: Making Homes for the Brave Achievable Some Highlights VA Loans can help make homeownership possible for those who have served our country. These loans offer great benefits for eligible individuals and can help them buy a VA-approved house or condo, build a new home, or make improvements to their house. Homeownership is the American Dream. One way we can honor and thank our veterans is to ensure they have the best information about the benefits of VA home loans.
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Mortgage Interest Rates continue to vary from day to day as both Buyer and Sellers adjust to the mortgage rate shock begun in 2022. Here is a general interest rate update for your information and home buying plans as of today. Program                                                  Rate                                 APRConforming 30 Year Fixed                     6.5%                                  6.567%Conforming 15  Year Fixed                     5.500%                              5.608%Jumbo 30 Year Fixed                               6.250%                              6.280%Jumbo 15 Year Fixed                                6.250%                              6.406%FHA 30 Year Fixed                                    6.250%                               7.333%VA 30 Year Fixe...
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By Lisa Delzompo 951-704-4559, Experienced, Trusted, & On Your Mission: Home
(Sand to Sea Properties, Inc.)
How to Get a VA Home Loan* 0:00 - Intro 0:06 - what is a VA loan 0:49 - first step - budget 1:33 - talk to a good VA lender and get a loan preapproval 2:23 - start looking at properties 2:32 - make sure the home is eligible for a VA loan 2:43 - single family or multi family home up to four units 2:52 - how to get a VA loan on condos and townhouses 3:15 - negotiate terms 3:19 - understand closing costs 3:29 - how to get the seller to pay some buyer costs on a va loan 3:34 - VA funding fee that gets sent to the VA to fund the program 3:49 - down payment can reduce the VA funding fee 3:56 - veterans with a disability rating over 10% get the VA funding fee waived 4:11 - change preapproval into a loan approval by providing needed documentation 4:47 - usual length of time to complete the purc...
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By Chris Dunham, The Real Estate Guy™
(NexGen Brokered by eXp Realty)
Tax Time? Yes it is! What are you gonna do with your tax return?Tax Time is just around the corner, in fact, you're probably gonna get your W2 from your employer by the end of January, so why wait? File those taxes and when you find out you're getting $5,000 or $10,000 or maybe $15k in a return, why not USE it to start building WEALTH!If you're currently renting, what are you doing? I get certain circumstances dictate that, but on a whole, living for your future is much better than paying someone else's mortgage and adding to their retirement by owning and investing in real estate. If you're a first time buyer, allow me to help guide you through the home buying process. Just follow this link to see where we begin and call today (or text) 602-3321-6188. #valoans, #realestate, #mortgage, ...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
Credit scores are used to assess risk and determine whether a borrower is approved or declined for a mortgage, credit card or some other type of credit.  The score is a numerical value ranging from a low of zero to a high of 850 or 900 depending on the credit bureau.The higher the score, the more likely the lender will be repaid in a timely manner. A higher credit score could help you get a lower interest rate You can get a free credit report from all three major bureaus at www.AnnualCreditReport.com. Your credit score doesn't have to be perfect to get a loan ... most lenders want buyers to have a minimum of 620 but FHA will consider as low as 500 Credit utilization, the percentage of credit used compared to what is available, should be kept below 30%; amounts higher could negatively af...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
You may remember the famous line in the Dirty Harry movie when Clint Eastwood has just had a shootout with bank robbers and is standing in front of the lone surviving thief who is considering going for his gun. Harry with his gun pointed at the bad guy says to him ""Did he fire six shots or only five? Well, to tell you the truth, in all this excitement, I kinda lost track of myself. But being this is a 44 Magnum, the most powerful handgun in the world and would blow your head clean off, you've gotta ask yourself one question: Do I feel lucky? Well, do ya?"  Our economy has had a long recovery from the great recession, due in most part to the housing crisis of 2007-2009.  Then, the Pandemic hit in 2020 which tanked the worldwide economy but the surprise to homeowners happened to be housi...
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By Sandy Sills, Associate Broker
(Preferred Real Estate Brokers)
What Experts Are Saying About the 2023 Housing Market If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about 2023? An article from HousingWire offers this perspective: “The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But more recently, market conditions have done an about-face. . . . now is the opportunity for everyone to become re-educated about what a ‘typical’ housing market looks like.” This year, experts agree w...
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By Bob Elliot, 20+ Yrs Industry Experience
(eXp Realty)
Last week’s economic reporting included readings on minutes of the most recent Federal Open Market Committee meeting and its customary post-meeting press conference, labor-sector data on public and private-sector jobs, and the national unemployment rate. Weekly readings on mortgage rates and jobless claims were also released.FOMC Meeting: Policymakers seek a balance between high inflation and rising ratesThe minutes of the Federal Open Market Committee meeting held on December 13 and 14 reflect committee members’ concern over controlling rapidly growing inflation while avoiding a recession. While committee members said that they made “significant progress” in raising rates to cut inflation, members said they needed to avoid raising rates too fast and creating a recession. Policymakers a...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs. Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about when making that decision. Consider How Long You’ve Been in Your Home From 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today, meaning many homeowners are living in their houses even longer (see graph below): When you live in a home for a significant period of time, it’s natural for you to experience a number of changes in your l...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Some Highlights Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determines how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and helps sellers know your offer is serious. Connect with a trusted professional to learn more and start your homebuying process today.   A Crucial First Step: Mortgage Pre-Approval   [INFOGRAPHIC] Bottom Line "There Is A Realtor For That" If you’re ready to buy or sell a home Charles Stallions with over 27 years of experience will give you expert advice on your specific situation. Buying Or Selling while living on the Gulf Coast Sign up for our Monthly Newslett...
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By Will Hamm, "Where There's a Will, There's a Way!"
(Hamm Homes)
    0           A Look Into the Markets   The first few trading days of 2023 saw an improvement in rates but the party was derailed by some good news. Let's look at what happened this past week and brace for what is coming in the week ahead. "You see I, I raise a toast to all of us who are breakin' our backs every day" - Nothing But a Good Time by Poison. Lower Than Last Year Long term interest rates started the year moving lower, with both mortgage-backed securities (where home loans are priced) and the 10-year Note yield posting nice gains. This is a bit different than what happened last year as when 2022 rang in, interest rates moved higher and never looked back. Remember, the Federal Reserve controls the Fed Funds Rate which is an overnight rate. That interest rate, along with shor...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Every dollar may help as housing affordability reaches a critical threshold. The typical U.S. household will no longer be able to afford a median-priced home when mortgage rates reach 5.7%, Nadia Evangelou, senior economist and director of forecasting for the National Association of Realtors® (NAR) predicted last week. By Melissa Dittmann Tracey Our experts say borrowers stand to save from around $1,500 to $3000 by comparison shopping and gathering multiple quotes from lenders. WASHINGTON – As mortgage rates surge and remain volatile, it’s becoming increasingly necessary for home buyers to shop around for a loan to find savings. According to Freddie Mac, borrowers potentially could save an average of $1,500 over the life of a loan by gathering one additional rate quote from a lender. An...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Tip #1 Naysayers are usually broke people trying to tell people how to get rich. Smart people analysis seeks the advice of professionals like Charles Stallions who has accomplished what it is they are wanting to accomplish whether it is raising kids, buying a home, or making a financial decision eagles soar and turkeys well you know. We rebate back to you up to $5000. toward your purchase.   Predictions and Tips to Start Saving for a House By David McMillin A recent Fannie Mae survey found just 17% of Americans believe it’s a good time to buy a home. But what happens if buyers wait? How can they better prepare? WASHINGTON – Just 17% of Americans believe it’s a good time to buy a home, according to a recent survey from Fannie Mae. Between higher mortgage rates, still-high home prices, an...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Our experts say borrowers stand to save from around $1,500 to $3000 by comparison shopping and gathering multiple quotes from lenders. Start or end with us and you will be WoWed with what we do as a real estate broker I have many lenders bidding for the buyers I send them whether VA, FHA, Conventional, or even owner financing I make it happen. By Melissa Dittmann Tracey WASHINGTON – As mortgage rates surge and remain volatile, it’s becoming increasingly necessary for home buyers to shop around for a loan to find savings. According to Freddie Mac, borrowers potentially could save an average of $1,500 over the life of a loan by gathering one additional rate quote from a lender. And borrowers could save even more by gathering five different quotes from lenders—up to $3,000, Freddie Mac re...
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By Brian Skaar, Purchase Loan Specialist - VA, FHA, Conventional
(VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender)
Home Loans and Divorce.  Not an easy subject for anyone involved.  There are many considerations involved when splitting up a household due to divorce. Will one party keep the home? Can that party afford the monthly payment and maintenance? Can I qualify with just one salary? Should I stretch my budget to keep the kids in familiar surroundings at home?  and stay close to same schools, friends, neighbors, etc? We wrote an article on Divorce, Home Loans and Considerations here.I hope you find it useful! 
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By Otis Duffy, Otis Duffy Centum Broker of Record NY, NJ & FL
(Centum Real Estate Group)
If you're a business owner looking for ways to finance your company's growth or expansion, you may have come across the terms "CPACE financing" and "mezzanine financing." While both options can provide your business with the capital it needs, they operate in different ways and may be more suitable for certain businesses depending on their needs and circumstances.What is CPACE Financing?CPACE, or Commercial Property Assessed Clean Energy, financing is a type of financing that allows business owners to borrow money for energy-efficient and renewable energy upgrades to their commercial properties. These upgrades can include things like installing solar panels, upgrading HVAC systems, or improving insulation.One of the main benefits of CPACE financing is that it is typically easier to quali...
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