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 Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
It happens all the time - I literally just woke up to it again.  A Press Release from the Department of Justice Tax Division:Maryland Payroll Company Owner Pleads Guilty to Employment Tax Crimes and Embezzling from Employees’ 401(k) PlansSo what happens when a payroll company steals the payroll tax dollars meant for the government?  The employer still owes those payroll tax dollars to the IRS.  The fact that it was stolen by a third party does not relieve the employer of the payroll tax liability.True, we may be able to get penalty abatement due to the bad actor, but the taxes and interest will still be owed to the IRS.This is why I recommend using one of the big national payroll tax companies.  They are all publicly held behemoths that have more than enough resources to correct for any...
Comments 3
By Bob Elliot, 30+ Yrs Industry Experience
(eXp Realty)
Divorce or separation is a challenging time, and amidst the emotional and logistical complexities, handling mortgage issues can add another layer of stress. For many couples, their home represents not just a financial investment but a symbol of stability and security. However, when relationships break down, decisions about homeownership become crucial. Here is some guidance on how to navigate mortgages during a divorce or separation.Communication is Key: Open and honest communication between partners is crucial when it comes to mortgage matters. Discuss your options openly and try to reach a consensus on what to do with the family home. Whether it's selling the house, buying out one partner's share, or continuing joint ownership for a period, clarity is essential.Understand Your Mortgag...
Comments 3
By Bob Elliot, 30+ Yrs Industry Experience
(eXp Realty)
When it comes to purchasing Real Estate, the traditional financing options may not always be the perfect fit for every aspiring homeowner. Fortunately, a range of alternative financing options exists, offering innovative solutions that cater to diverse financial circumstances. Here are some creative financing avenues that empower homebuyers to achieve their dream of homeownership: rent-to-own, lease-purchase agreements, and shared equity arrangements.Rent-to-Own: Bridging the GapRent-to-own agreements provide a unique pathway for individuals who may not currently have the financial means to secure a mortgage but aspire to own a home in the future. In a rent-to-own arrangement, a prospective buyer agrees to rent the property for a specified period with the option to purchase it at the en...
Comments 2
By Bob Elliot, 30+ Yrs Industry Experience
(eXp Realty)
In times of financial hardship, such as job loss, medical emergencies, or economic downturns, homeowners may find it challenging to keep up with their mortgage payments. When facing such difficulties, understanding options like mortgage forbearance and loan modification can be crucial for maintaining stability and avoiding foreclosure. Let's discuss what homeowners need to know about mortgage forbearance and loan modification, including their differences, implications, and how to navigate these options effectively.Understanding Mortgage ForbearanceMortgage forbearance is a temporary pause or reduction in mortgage payments granted by the lender to borrowers facing financial hardship. During forbearance, the borrower is allowed to either make reduced payments or no payments at all for a s...
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By Chris Goulart, California Hard Money Loans & Solutions
(All California Lending)
In the real estate market today, many property owners have locked in historically low long term rates.  While it is great to have a long term, low rate mortgage, what happens when you want to access additional capital?  In the San Francisco Bay Area, where home values have continued to rise, there are many people in this golden handcuff type of situation.  They have a lot of equity in their home, but do not want to lose the long term, low interest rate loan currently in place to access that equity.  This is where San Francisco Bay Area hard money seconds can be a solution.A hard money second is typically a short-term bridge loan solution to help finance business expansion, investment property acquisition, development or other business-related capital expenditures.  These are interest on...
Comments 1
By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
   This is an oldie but goody , but it is something that not many people accomplish . I am always shocked when someone on the other side of65 still has a substantial Mortgage ( and mortgage pmt.) . This is reallytragic and didn’t have to happen ( in most cases ). Please take time to read this post and remember having at least One Property Free & Clear is crucial to a successful Retirement Strategy !  There was comment made on a blog post recently about how it is great if the end of mortgage payments would coincide with retirement.  Thanks Wendy Neugent Hayden for that comment (comment  # 5)  By the way, the ability to be free and clear with no additional mortgage payment due is one part of the rent vs. buy decision where buying has the clear advantage. So what would it take?  If you hav...
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By Kevin A. Guttman-Author, ReverseMortgageSpecialist, 877-251-9709
(NMLS #384936)
You’ve probably seen the headlines about inflation and how it is increasing the price we pay for everyday items like gasoline, food, and healthcare. But have you considered the impact inflation is having on your retirement savings? Social Security uses inflation as a benchmark to determine the cost-of-living adjustments it makes to monthly payouts, so beneficiaries can keep pace with inflation. This protects you from the negative effects of inflation over time. But the other elements of your retirement savings plan, such as 401K’s and most non-government pension plans, are not adjusted for inflation. That means the actual purchasing power of your retirement savings is being eroded over time… and you’ll need more money to accomplish your original goals.Your Certified Reverse Mortgage Pro...
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