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.


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Trending blogs on Lending / Financial

 

By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
Comments 2
While there are not many FHA approved condo projects in Orange County, CA, it is possible to get an FHA loan on a detached condo, even if the condo project is not FHA approved. In  most cases, to get an FHA loan on a condo, the entire condo project needs to be FHA Approved. Project approval is no...

By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
Comments 0
FHA is often thought of as a "first time home buyer" loan program. And while it has been used by first time buyers quite a bit since the mortgage meltdown in 2008 there are reasons why a first time buyer, or move up buyer for that matter (because FHA is not only for first timers), should carefull...

By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
Comments 0
The FHA Streamline refinance will be how most current FHA borrowers in Orange County take advantage of President Obama's recent announcement about lowering the Mortgage Insurance premiums on FHA loans in 2015. Right now is almost a perfect storm when it comes to looking at the reasons to refinanc...

By Gordon Sloan, Salt Lake Homes For Sale, Salt Lake Real Estate
(Group1 Real Estate, selling houses in Salt Lake City Utah )
Comments 1
            As a borrower, you’ll have the option of choosing either a fixed-rate mortgage (FRM) or an adjustable-rate mortgage (ARM). They both have their pros and cons. The primary difference is how the interest rate behaves over the life of the loan. Here’s what you need to know about the dif...

By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
Comments 0
VA is one of the most unique loan programs available in Orange County, primarily because of a Veterans ability to purchase a home with no down payment up to a price of $625,500.  (2016 100%  Limit) But what many Orange County Veterans don't realize is that VA also allows for cash out refinancing ...

By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
Comments 0
President Barack Obama announced on January 7, 2015 that the Federal Housing Administration (FHA) would lower its annual mortgage insurance premiums from 1.35% to .85% (for loan to values above 95%). Although a date has not yet been announced for when this will go into effect, the lower mortgage ...

By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
Comments 0
The VA loan limits for 2015 in Orange County, CA will be $625,500, which is a little lower than last year but still a high limit considering there is no down payment required. The $0 down VA loan limit in 2014 for Orange County was $687,500, and over the last few years the limit had gotten as hig...

By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
Comments 2
Most Veterans already know that the VA loan program allows for Zero down financing. But what many Veterans don't realize is that they still need to deal with closing costs and prepaid expenses. Depending on the purchase price and date of closing, this could easily add up to 2% of the purchase pri...

By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
Comments 0
The FHA loan program had been the loan of choice in Orange County, CA after the mortgage collapse in 2008. With Conventional and non-Conventional loan programs that allowed for small (or $0) down payments quickly disappearing, FHA stepped up. Not only did FHA increase the loan limit in Orange Cou...

By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
Comments 0
It is possible to get a $1,000,000 VA loan in Orange County, CA, which is always a big surprise to people learning that for the first time. As a matter of fact, there a VA lenders willing to go as high as $1,500,000 on a VA loan. Of course, if this is true then why is everyone concerned with VA l...

By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
Comments 2
The 100% financing VA loan limits for Orange County in 2014 actually went up. The 2013 VA loan limit was $668,750, but for 2014 the 100% VA loan limit will be $687,500. This means it will be possible for an Veteran in Orange County to purchase a home for $687,500 with no down payment.  *2016 limi...

By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
Comments 1
Buying a home is the biggest financial decision in most people lives. In Orange County, where home prices tend to be higher than other parts of the country, the decision to buy a home priced anywhere from $300,000 to $1,000,000 or more can cause a serious amount of stress. But by understanding th...

By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
Comments 0
The VA loan program is a great way for a Veteran to buy a home in Orange County, since it allows for 100% financing and has no mortgage insurance. But what many don't realize is that it can be used more than once. As a matter of fact, there is not a limit to how many times it can be used. What is...

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 19
  Mortgage Loan Borrowers Top 5 "Hiccups" & Mistakes "Wish Lists" are a hot topic for kids, no matter the time of the year.  Do you know any kid that doesn't have a list of things they're wishing for at the handy? Did you know that Loan Officers often have Wish Lists too?  I can tell you that I m...

By Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
(RE/MAX Centre Realtors)
Comments 18
    Mortgage Loan Borrowers Top 5 "Hiccups" & Mistakes   "Wish Lists" are a hot topic for kids, no matter the time of the year.  Do you know any kid that doesn't have a list of things they're wishing for at the handy?   Did you know that Loan Officers often have Wish Lists too?  I can tell you t...

By Fred Griffin presently on Leave of Absence, Licensed Florida Real Estate Broker
(Fred Griffin Real Estate)
Comments 3
    What Makes You Special When You Buy a Home?  Your Financial DNA   Parents often tell their children they're "special".  They're unique.  Like no other person on earth.  I know I told both of my boys that ... still do. It's a pretty heavy message for a child to hear, isn't it?  One based on l...

By D. Bass, Blog: Ask The Underwriter
(Ask The Underwriter)
Comments 2
Ask The Underwriter is offering the PIPELINE STOPPERS monthly series to help increase your pull through, reduce errors and make your monthly bonus attainable. These informative sessions are designed to provide you with the tools you need to hit the ground running. This monthly series will help yo...

By Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
Comments 17
Good News on Loan Limits in 2019 With the increase in average sales prices and interest rates, we have some good news on loan limits in the coming year. Beginning January 1, 2019, we will be seeing an increase in loan limits.  Effective January 1, 2019, conventional loan limits are changing to $4...

By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Comments 2
It may be time to ACT now for Home Buyer grants before they go away. For families that have been thinking and planning to own their own home and make their own memories dreaming of gathering around the table during holidays with multiple generations it is time to act. A family needs a home first ...

By Jeff Dowler, CRS, The Southern California Relocation Dude
(Solutions Real Estate )
Comments 3
There are a number of things that buyers could do that could really create issues for their loan application and the approval process, and these are ALL avoidable.  Gene provides some terrific advice and education here.     Mortgage Loan Borrowers Top 5 "Hiccups" & Mistakes   "Wish Lists" are a h...