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 Garrett Puckett, VA Loan Lender
(Security America Mortgage)
 Types of VA Loans in Oklahoma and FAQOklahoma has the same va loan options as all other states. For example, you can build a home with a va loan, buy a home with a va loan, and renovate a home with a va rehab loan.VA loans in Oklahoma typically require 0 down and don't have private mortgage insurance. The VA funding fee applies to Veterans who aren't 10% or more disabled.Oklahoma VA loans aren't done by the Department of Veterans Affairs, they are done by VA lenders and with a loan officer. A borrower's credit score and debt-to-income ratio are looked at in the va loan approval process. In 2023, many Veterans are comparing if it's cheaper to buy or build. Often times Veterans choose the VA construction loan because it's possible to buy land and build in one transaction. It's also known...
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By Bill Salvatore - East Valley, Realtor - 602-999-0952 / em: golfArizona@cox.net
(Arizona Elite Properties )
How to Rock an Interest-Only Mortgage!    Interest-only mortgages are not just for luxury homebuyers with jumbo-sized home loans anymore!  And while we do see the buyers and owners of higher-priced real estate favoring interest only loans because of their lower payments, have you ever wondered why everyone doesn't consider this mortgage program?   Is it due to the fact that most interest-only loans are ARM mortgages, like the 7/1 or 10/1 ARM?   Or is it simply due to homeowner psychology?  After all, there is a large number of homeowners who just can't stand looking at their mortgage statements month after month and NOT seeing their principal balance decrease.   So, yeah, let's take a closer look at I/O loans because they do more than help their borrowers afford shelter and maybe the a...
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By Rob Spinosa, Mortgage Loan Originator, Marin County
(US Bank)
How to Rock an Interest-Only Mortgage!  Interest-only mortgages are not just for luxury homebuyers with jumbo-sized home loans anymore!  And while we do see the buyers and owners of higher-priced real estate favoring interest only loans because of their lower payments, have you ever wondered why everyone doesn't consider this mortgage program? Is it due to the fact that most interest-only loans are ARM mortgages, like the 7/1 or 10/1 ARM? Or is it simply due to homeowner psychology?  After all, there is a large number of homeowners who just can't stand looking at their mortgage statements month after month and NOT seeing their principal balance decrease. So, yeah, let's take a closer look at I/O loans because they do more than help their borrowers afford shelter and maybe the answers to...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
How to Compare Loan Options as a Military Home Buyer Buying a home is the largest investment that many people will ever make. It can also be an incredibly difficult decision, as there are so many options to choose from. As a military homebuyer, you may have access to a VA loan, but that’s not always the best option. Did you know that there are multiple types of VA loans? Continue To Read And Share Home Financing Options for Military and Veteran Home Buyers Welcome to home buying, where home financing options are not one-size-fits-all. While the topic feels mundane, your current finances, financial history, and housing market fluctuations make revisiting this discussion crucial with each home purchase. Continue To Read And Share  Looking to Sell your home Click here for a Free Appraisal...
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By Dennis Dahlberg Broker/RI 623-582-4444
(Level 4 Funding )
One of the most common hurdles for new investors is finding money to fund their deals. While this can be a struggle, finding the capital you seek is more accessible than ever. Between lines of credit, private lenders, retirement funds, credit cards, and traditional bank loans, numerous options are available to those who know where to look. The key is to find a funding source that works for you. Often, that source will be a hard money lender. The hard money lender in Phoenix has gotten a bad rap over the years but has proven a reliable way to fund deals. If you don’t have a hard money lender in Arizona outlet or have yet to use one, now may be the time to find as much information on them as possible.A hard money lender is an individual or group who lends money on their terms. They put st...
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By Bob Elliot, 20+ Yrs Industry Experience
(eXp Realty)
A floating interest rate, also known as a variable interest rate or an adjustable rate, is an interest rate that can change over time. Unlike a fixed interest rate, which remains constant for the entire duration of a loan or investment, a floating interest rate fluctuates periodically based on certain factors or benchmarks.The advantage of a floating interest rate is that it can offer flexibility. When interest rates are low, borrowers can benefit from reduced interest payments. However, if interest rates rise, the cost of borrowing will also increase.How Does A Floating Rate Work?A floating interest rate works by adjusting periodically based on a predetermined formula or benchmark. Here's a general overview of how a floating rate typically operates:Selection of a Benchmark: When enteri...
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By Bob Elliot, 20+ Yrs Industry Experience
(eXp Realty)
"No-deposit" mortgage deals for first-time buyers refer to mortgage options that allow buyers to purchase a home without having to put down a deposit or a down payment. Here are the pros and cons of such deals:Pros:Lower upfront costs: The most significant advantage of a no-deposit mortgage is that it eliminates the need for a substantial upfront deposit. This can be beneficial for first-time buyers who may struggle to save a large sum of money for a deposit. It allows them to enter the property market sooner.Increased affordability: With a no-deposit mortgage, first-time buyers can purchase a home with a smaller amount of savings. This can make homeownership more accessible, especially in areas where property prices are high.Potential investment opportunities: By utilizing a no-deposit...
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By Bion Grady, Douglas County Real Estate Specialist
(Keller Williams West Atlanta)
An article in last Wednesday’s U.S. News headlined a thought-provoking question: is an ARM a Good Idea in 2023? Now that mortgage rates are significantly higher than they were even only a few months ago, a question that might then have been answered with an almost automatic ‘no!’ has new relevance. Buyers daunted by the prospect of budget-challenging monthly payments may be penciling in the difference, seeing an attractive answer—but then unsure of whether the risk-reward formulations make Douglasville ARMs a prudent choice.The article discussed the tradeoffs which it summarized in brief:· If there is a fixed period, how long does it last?· How often does the rate adjust?· What is the limit to how much the rate (and monthly payment) can change?· But the bottom line—and its unknowable el...
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By Joe Manausa - Tallahassee, FL, Tallahassee Real Estate
(Joe Manausa Real Estate)
The term "return to normal mortgage rates" is frequently cited by both home sellers and buyers as a factor in their decision-making.However, 'normal' is a shifting concept influenced by historical trends and current conditions. Join us to explore the evolving history of mortgage interest rates, offering insights into likely future trends.This Is When Mortgage Rates Will Return To Normal Please remember to "like" the post and the video on YouTube too! Thank you.   🏡  Link to all homes for sale in Tallahassee 📺 Subscribe To The Joe Manausa Real Estate Channel and Get More Housing Market Reports, Listings, and Real Estate Marketing Tips, and answers to your frequently asked questions. 📘 Get the DIGITAL MARKETING BOOK written by an active Realtor, for all Realtors!
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By The Lending Times
(The Lending Times)
Here is an excerpt from an article on our site. To see the article in it's entirety, please visit dscr loans  WHAT ARE DSCR LOANS? DSCR loans, or Debt Service Coverage Ratio loans, are a type of financing commonly used for investment properties, particularly in the realm of commercial real estate. The Debt Service Coverage Ratio (DSCR) is a critical financial metric that lenders use to assess a property’s ability to generate enough income to cover its debt obligations, including the mortgage payments. BENEFITS OF DSCR LOANS DSCR (Debt Service Coverage Ratio) loans and long-term rental financing offer several benefits to investors and borrowers, particularly those involved in commercial real estate and income-generating properties. These benefits make DSCR loans an attractive option for...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Average rates for 30-year, fixed-rate loans in Pensacola Florida pushed closer to 7% again this week, up from last week’s 6.81%. A year ago, rates averaged 4.99%. From Pensacola to Navarre and Gulf Breeze to Jay Florida as well as all over the gulf coast and panhandle we have you covered. Mortgage 101 it all starts here we do the research for you whether a VA, FHA, Conventional, or non-traditional. We can help take the challenges out of the equation with over 28 years of experience in knowing the market's ups and downs we have experts that will give you options and you will know.  How to get a Mortgage and FREE Credit Report    Thinking of buying use our Broker Buying System to do your searches, find out the actual value of each home before you make an offer, property disclosures at yo...
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By Bill Gassett, Metrowest Massachusetts Real Estate
(RE/MAX Executive Realty)
A reverse mortgage can provide both advantages and disadvantages to homeowners. On the positive side, it can increase retirement income, stay in your home for extended periods, and pay off debts.However, it's essential to consider potential drawbacks such as reduced home equity, high upfront costs, and the risk of losing the property for non-payment of taxes and insurance. Sometimes homeowners have a change of heart and want to know how to get out of a reverse mortgage. It can be done, but educating yourself before terminating a loan you don't wish to is far better.Understanding the pros and cons can help homeowners decide whether a reverse mortgage is right. Let's examine what you need to know.Reverse Mortgage ProsA reverse mortgage offers several potential advantages for homeowners, e...
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By Joe Jackson, Clintonville and Central Ohio Real Estate Expert
(Keller Williams Capital Partners Realty)
Your insights into why pre-approval matters and how it benefits both buyers and sellers are spot-on. It's fantastic to see the emphasis on the advantages of having a clear budget, building credibility with sellers, and streamlining the home search. By emphasizing the importance of this initial step, you're guiding readers toward a more informed and successful homebuying journey. Have a super fantastic week!Joe Jackson, Realtor-KWCP Today in our blog series "The ABC's of Real Estate," we're diving into a crucial step that can make all the difference in your homebuying journey: getting pre-approved for a mortgage. Whether you're a first-time buyer or a seasoned investor, understanding the significance of pre-approval is essential. Let's explore why it matters and how it benefits both buye...
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By Joseph Lorenzo, Your Law And Order Realtor
(Frank Rubi Real Estate LLC)
Today in our blog series "The ABC's of Real Estate," we're diving into a crucial step that can make all the difference in your homebuying journey: getting pre-approved for a mortgage. Whether you're a first-time buyer or a seasoned investor, understanding the significance of pre-approval is essential. Let's explore why it matters and how it benefits both buyers and sellers.The Power of Pre-ApprovalGetting pre-approved for a mortgage is more than just a preliminary step; it's a strategic move that can give you a competitive edge in the real estate market. Pre-approval involves a thorough review of your financial health by a lender, and it culminates in a written letter indicating the amount you're qualified to borrow.Benefits for BuyersAccurate Budgeting: With a pre-approval, you'll know...
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By Dora Griffin, NMLS 6380
(D A Griffin Financial.LLC)
APPRAISAL WAIVER CONSIDERATIONS What is an appraisal waiver? How can one get an appraisal waiver? What is the benefit of an appraisal waiver? Why would one not want an appraisal waiver?  What is an appraisal waiver?  An appraisal waiver is when the lender approves a home mortgage loan without requiring an appraisal.  How can one get an appraisal waiver?  Mortgage loans for the most part are run through automated underwriting. Through that process Fannie or Freddie may indicate the value as input is acceptable and an appraisal is not needed.  When automated underwriting accepts the value without an appraisal, the borrower can still request an appraisal if they want. Usually a home located in a rural area is less likely to receive an appraisal waiver simply because it does not have all th...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
The average rate on a 30-year, fixed-rate mortgage rose for the third week in a row, up from last week’s average 6.90%. A year ago, it was 5.22%. By Alex Veiga WASHINGTON (AP) – The average long-term U.S. mortgage rate rose this week to just under 7%, the latest setback for would-be homebuyers already facing affordability challenges due to a housing market limited by a shortage of homes for sale. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan rose to 6.96% from 6.90% last week. A year ago, the rate averaged 5.22%. Continue To Read And Share  Mortgage 101 it all starts here we do the research for you whether a VA, FHA, Conventional, or non-traditional. We can help take the challenges out of the equation.  How to get a Mortgage and FREE ...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Should you WAIT and try to "time the market" or buy a home NOW. Are you tempted to buy later if mortgage rates come down? This is always a difficult decision especially when life is drawing you to buy a home. (Wait photo: Engen_Ayurt, Pixabay)There may be a window of opportunity to own a home in the Phoenix Arizona metro now with home prices having declined somewhat while mortgage rates are inching up with inflation. Remember, you can marry the home of your dreams but only have to date the mortgage rate. One can date the rate by refinancing later when rates decrease. Over the past 100+ years home prices have gone up and down through the decades but the overall trend is up....WAY UP! As your parents likely did, YOUR home will increase in value as you also build equity. Renting? There is ...
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By Bill Gassett, Metrowest Massachusetts Real Estate
(RE/MAX Executive Realty)
A mortgage pre-approval is crucial for those looking to buy a home. It involves a thorough financial analysis and documentation review to determine the applicant's purchasing power. Pre-approval differs from prequalification as it provides a more accurate picture of the applicant's financial capabilities.It is part of the process to prepare to get a home mortgage.To obtain pre-approval, applicants must consult with a lender and submit various financial documents, including income proof, employment information, bank statements, and credit history. A pre-approval letter is essential as it gives real estate agents and sellers confidence.One of the most asked questions is how long does mortgage pre-approval last. Pre-approvals are typically valid for 60 to 90 days. Various mortgage loan pro...
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By Garrett Puckett, VA Loan Lender
(Security America Mortgage)
Colorado is a beautiful state with breathtaking views and nature. It's a great place to call home and roughly 400,000 Veterans live there because of the benefits. There are 6 Military bases there, thriving cities like Denver, and a wide array of activities to enjoy like skiing, hiking, and sports events. This article will examine why Veterans and civilians are searching for Construction loans in Colorado. In 2023 the VA construction loan is on the rise and a big reason Veterans are looking for VA loans in Colorado.What types of VA loans are available in Colorado? VA One Time Close Construction loan VA loan to purchase a home in Colorado VA renovation loan to rehab a home in Colorado VA FARM Loan VA Native American Direct loan VA supplemental loans VA IRRL VA conversion loan What types o...
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By Joseph Lorenzo, Your Law And Order Realtor
(Frank Rubi Real Estate LLC)
Today in our blog series "The ABC's of Real Estate," we're diving into the topic of zero down loans. As a potential homebuyer, you might have come across this option, which allows you to purchase a home without putting any money down as a down payment. While it sounds enticing, there are important aspects to consider before deciding if this is the right choice for you. Let's explore the pros and cons of zero down loans.Understanding Zero Down LoansZero down loans, also known as no-money-down mortgages, provide an opportunity for buyers to purchase a home without the traditional requirement of a down payment, which is typically around 20% of the home's purchase price. These loans are especially appealing to first-time buyers and those who may not have substantial savings for a down payme...
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