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 Bob Elliot, 20+ Yrs Industry Experience
(eXp Realty)
Last week’s scheduled economic news included readings on monthly and year-over-year inflation and the University of Michigan’s preliminary reading on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released. Consumer Price Index: Inflation Shows Signs of SlowingGovernment readings on October inflation showed signs of stabilizing and even slowing. The Consumer Price Index for October showed month-to-month inflationary growth of 0.40 percent as compared to the expected reading of 0.60 percent and September’s reading of 0.40 percent growth. Year-over-year inflation rose by 7.70 percent as compared to the expected reading of 7.90 percent and September’s reading of 8.20 percent.Month-to-month core inflation, which excludes volatile food and fuel sectors, ro...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
What's Ahead for Mortgage Rates and Home Prices?Now that the end of 2022 is within sight, you may be wondering what's going to happen in the housing market next year and what that may mean if you're thinking about buying a home. Here's a look at the latest expert insights on both mortgage rates and home prices so you can make your best move possible.Mortgage Rates Will Continue To Respond to InflationThere's no doubt mortgage rates have skyrocketed this year as the market responded to high inflation. The increases we've seen were fast and dramatic, and the average 30-year fixed mortgage rate even surpassed 7% at the end of last month. In fact, its the first time they've risen this high in over 20 years (see graph below):In their latest quarterly report, Freddie Mac explains just how fas...
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By Bill Salvatore - East Valley, Realtor - 602-999-0952 / em: golfArizona@cox.net
(Arizona Elite Properties )
A Look Into the Markets   This week, interest rates moved a bit sideways after Election Day and only added to the uncertainty as ballots continue to be counted. Let's discuss what happened and look into the week ahead. "Pull my shirt off and pray - we're coming up on re-election day" - Election Day by Arcadia (Duran Duran) Consumed By Uncertainty It has been nearly a year since the Federal Reserve flip-flopped on the idea that high inflation was "transitory" and the need for that word to be retired. Since that time, we have experienced unprecedented uncertainty in the financial markets, with home loan rates moving from 3% to 7%...the fastest rate of change in our history. A lot of the uncertainty, and thus volatility, is surrounded by where inflation and the overall economy is and how ...
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By Will Hamm, "Where There's a Will, There's a Way!"
(Hamm Homes)
A Look Into the Markets   This week, interest rates moved a bit sideways after Election Day and only added to the uncertainty as ballots continue to be counted. Let's discuss what happened and look into the week ahead. "Pull my shirt off and pray - we're coming up on re-election day" - Election Day by Arcadia (Duran Duran) Consumed By Uncertainty It has been nearly a year since the Federal Reserve flip-flopped on the idea that high inflation was "transitory" and the need for that word to be retired. Since that time, we have experienced unprecedented uncertainty in the financial markets, with home loan rates moving from 3% to 7%...the fastest rate of change in our history. A lot of the uncertainty, and thus volatility, is surrounded by where inflation and the overall economy is and how f...
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By Dick Betts, REALTOR® The Villages, Florida
(TOUCHSTONE REAL ESTATE)
Most of my clients are out of state and come to The Villages, Florida looking to buy without any relationship with a lender.  When the time comes, they need a lender I have a great one.  Yesterday I was working with a couple showing homes and we get to the last one which was vacant and had some furniture it was time to talk.  Before we spent the day together they shared they would be putting 50% down and selling their home up north after purchasing here.We reviewed the homes they have seen and narrowed it down to three and I asked about what was their plans for the 50% they needed to finance, they explained they had spoken with a lender but wanted to know if I had any suggestions, you bet I do. They asked what is the interest rate on both conventional and ARM, I hit my speed dial lender...
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By Anthony Acosta - ALLATLANTACONDOS.COM, Associate Broker
(Harry Norman, REALTORS® )
Thank you Jane & Jeff Daley, PhD for your original blog.   VA Loans: Making Homes for the Brave Achievable [INFOGRAPHIC] 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.    Jane Daley, BAJeff Daley, PhDLuxury Valley Homes - West USAScottsdale Real Estate Arizona Winfield Real Estate ArizonaOur Luxury Valley Home Team  Jeff Daley Military Service  📞  480-595-6412 📨  Email Us 
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By Bob Elliot, 20+ Yrs Industry Experience
(eXp Realty)
U.S. military veterans have opportunities to enjoy some richly-deserved benefits in other aspects of their lives, including some special options for financing their homes. VA loans may give active military personnel, retired veterans, and sometimes surviving family members of veterans the ability to purchase homes that might not prove available to them through more conventional mortgage loans. But the mere fact that you can do a thing doesn't necessarily mean that you should. In some circumstances, military home seekers may find other types of loan options more amenable to their specific needs.If you've decided to pursue a mortgage loan during or following your military career, you may want to examine these considerations before leaping into a VA loan application.Loan Qualifications and...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
VA Loans: Making Homes for the Brave Achievable [INFOGRAPHIC] 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 Richard Woodward NMLS#217454, Service Beyond Expectations! Your Texas Lender
(Nexa Mortgage, NMLS #1660690)
The best way for divorcing couples to deal with their marital home is to “buyout” the interest of the other. Other options include selling the home, or continuing to co-own the home. The parent with custody often buys out the other parent to ensure that the children are able to stay in the home. This has obvious advantages: It provides stability and continuity for the children, and you don’t have to sell if conditions are bad.Each party is responsible for their own risk in any buyout. Both the retaining spouse and the exiting spouse may lose future appreciation. However, the remaining spouse could feel that the value was too high in the event that the property falls in value later. The remaining spouse may also find it difficult to finance a buyout.The buyout could be done over time wit...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
VA Loans Can Help Veterans Achieve Their Dream of Homeownership For over 78 years, Veterans Affairs (VA) home loans have provided millions of veterans with the opportunity to purchase homes of their own. If you or a loved one have served, it’s important to understand this program and its benefits. Here are some things you should know about VA loans before you start the homebuying process. What Are VA Loans? VA home loans provide a pathway to homeownership for those who have served our nation. The U.S. Department of Veterans Affairs describes the program like this: “VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repa...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
    The Fed raised rates by 75 bps on Wednesday, in a move that was widely expected. The biggest thing we learned from the press conference with Chair Powell is that the Fed is looking to make smaller rate hikes but may raise the overall Fed Funds rate to a higher overall level than what they were expecting a few months ago. With the Fed Funds rate at 3.75%-4%, we are now at a restrictive monetary policy from the Fed, which should slow the economy and fight inflation. Powell still sounded very hawkish, but the Fed is indicating that they are slowing their pace of rate hikes, which is a good step.     Initial Jobless Claims   Initial Claims arrived almost as expected and virtually unchanged from last week at 217k (mkt +220k); last week's figure was revised to 218k from 217k. Continued c...
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By RPDFW @ Salas Home Team, #1 Team in Real Estate Specialty Services
(Realty Preferred DFW)
Una reducción temporal, hemos oído hablar de ella, pero ¿qué implica?En pocas palabras, los compradores pagan un depósito inicial a tanto alzado para (como sugiere el nombre) comprar temporalmente a la baja su tasa de interés en el transcurso de dos años. En el primer año, recortarán un 2 % de su tasa indicada. En el segundo año, recortarán un 1%. Después de eso, vuelve a la tasa bloqueada inicial, pero los prestatarios habrán ahorrado una cantidad incalculable de dólares entre ahora y entonces.¿Por qué? Esta es una GRAN oportunidad para ayudar a un vendedor a vender una propiedad sin afectar el precio de venta... y ayudar a un prestatario.¿Quién lo paga? Se paga a través de contribuciones de partes interesadas (IPC), es decir, concesiones del vendedor. Esta opción se utiliza a menudo c...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Budgeting for your home purchase doesn’t have to be scary when you PUT "Charles In Charge" Charles Stallions can show you how doing these three things will put you in the driver's seat toward your next home purchase. Partner with a local real estate advisor so you’ll have an expert on your side to answer any questions you have along the way.     If you’re planning to buy a home, knowing what to budget for and how to save may sound scary at first. But it doesn’t have to be. One way to take the fear out of budgeting is to understand some of the costs you might encounter.  And to do that, turn to trusted real estate professionals. They can help you plan your finances and prepare your budget. Here are just a few costs experts say you can expect. 1. Down Payment Saving for your down payment...
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By Joe Jackson, Clintonville and Central Ohio Real Estate Expert
(Keller Williams Capital Partners Realty)
This is an excellent post with great information. Thanks for sharing it.Have a super fantastic week!Joe Jackson, Realtor-KWCP CAN YOU LOWER YOUR MORTGAGE RATE? 8 WAYS TO DO IT...   If you’ve been following the news lately, you’ve probably seen that interest rates are up... quite a bit, in fact. The cost of a mortgage now is about 55% higher than one year ago. And the volatility in the rates is not likely to change soon. That means getting the best rate possible is more important than ever. Even a slight difference can save you tens of thousands over the life of your loan.    Although mortgages are more expensive it's not time to panic! It’s still possible to secure a good mortgage interest rate and make your home buying dreams a reality.   FOUR THINGS THAT HELP DETERMINE YOUR MORTGAGE R...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
CAN YOU LOWER YOUR MORTGAGE RATE?8 WAYS TO DO IT... If you’ve been following the news lately, you’ve probably seen that interest rates are up... quite a bit, in fact. The cost of a mortgage now is about 55% higher than one year ago. And the volatility in the rates is not likely to change soon. That means getting the best rate possible is more important than ever. Even a slight difference can save you tens of thousands over the life of your loan.  Although mortgages are more expensive it's not time to panic! It’s still possible to secure a good mortgage interest rate and make your home buying dreams a reality. FOUR THINGS THAT HELP DETERMINE YOUR MORTGAGE RATE If you or someone you know are thinking about making a move, check out our latest blog post to learn how  → 8 Strategies to Secur...
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By RPDFW @ Salas Home Team, #1 Team in Real Estate Specialty Services
(Realty Preferred DFW)
 A temporary buydown, we've heard of it, but what does it entail? In a nutshell, buyers pay an initial lump sum deposit to (as the name suggests) temporarily buy down their interest rate over the course of two years. In the first year, they’ll cut 2% off their noted rate. In the second year, they’ll cut 1%. After that, it’s back to the initial locked rate, but the borrowers will have saved untold dollars between now and then. Why? This is a GREAT opportunity to help a seller get a property sold without affecting the sales price…..and help a borrower. Who Pays For It?  It's paid for through Interested Party Contributions (IPC's) i.e. seller concessions. This option is often used as a substitute to reduce the property sales price.Using The Temporary Buydown Example Blow; Year #1 the inter...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Autumn scenes in AuburnAs promised I am sharing more beautiful photos of Auburn in the Fall. More photos are on my website."Autumn is a second spring when every leaf is a flower." Albert CamusBerkshire Hathaway HomeServices Preferred Real Estate, Best Auburn Realtors, Best Opelika Realtors, Relocate to Auburn, Move to Auburn, Homes for sale in Auburn, Homes for Sale near me, Houses for Sale Opelika, Luxury Homes for Sale Auburnwww.AuburnOpelikaALRealEstate
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
City and County of Honolulu Down Payment Loan Program Buying Real Estate in Hawai'i has many challenges and the cost and affordability of such is probably the biggest obstacle facing many would-be Honolulu homebuyers. With the median sales price's in December for single family residences at $1,049,500 and condos at $502,500, not having the typical 20% in cash for a downpayment on a home loan will push many out of the market. With helping the local buyer in mind, the City and County has created a program to help assist homebuyers with their down payments. The City and County of Honolulu's Down Payment Loan Program is part of the City's efforts to promote homeownership and create a strong community. Utilizing HOME Investment Partnership Act funds from the U.S. Department of Housing and Ur...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Any major life change can be scary, and buying a home is no different. Partner with a trusted real estate professional to take the fear out of the equation. Charles Stallions has many mortgage opportunities for you. You need an expert and that expert is Charles Stallions Real Estate Services/   Some Highlights Even with higher mortgage rates, the mortgage process doesn’t need to be something you fear. Here are some steps to help as you set out to buy a home. Know your credit score and work to build strong credit. When you’re ready, lean on the pros and connect with a lender so you can get pre-approved and begin your home search. 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 ...
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Lenders and Realtors are exploring ways to create a more affordable mortgage for a Santa Fe home purchase.  "It's a fact that many households are impacted by higher mortgage rates as they no longer earn the qualifying income for the median-priced home." Nadia Evangelou, NAR Economist. Today, new financial loan products and negotiation together can make it possible to purchase in this Santa Fe market. One of the things we are doing to help buyers lower their house payments is to suggest an adjustable-rate mortgage.  The rates on these types of loans are tied to indexes that reflect the current market rates and produce less risk for the lender.  The payments adjust on the anniversary date based on the index plus margin named in the note. While many people think that they only adjust upwa...
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