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 Manfred Lewis Leslie Horne & Associates, Realtor Spartanburg and Greenville SC
(Leslie Horne &Associates )
When you commit to a substantial down payment, you’ll gain a competitive advantage with sellers, build equity faster, receive better loan terms, and pay less interest over time. However, if a larger down payment isn’t feasible for you, there are still many options available — send me a message and let’s chat!#realestate #realestateagent #listreports #buying #selling #realestateexpert #homeowner #dreamhome #homeownership #homebuying #homesearch #buyingahome #financehub
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
SNOOZE YOU LOSE in Real Estate! Are you waiting until mortgage rates drop significantly before buying a home? It may be a long wait similar to a RIP VAN WINKLE snooze/nap. SNOOZE YOU LOSE! Rip was the man author Washington Irving wrote about that had napped for 20 years in the Catskill Mountains and the world had changed so much after his long snooze. (Photo: Nap by Robin Higgins, Pixabay)Rip Van Winkle snoozing in yard, by Justinthewind, PixabayYou may be snoozing also, still renting and facing rent increases year after year and never building any equity like your friends have? Yes, taking that FIRST STEP can be intimidating. Many homeowners are unhappy or merely content with their current home, but are Waiting for the market to “GET BETTER” before they take action on the purchase of t...
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By Bob Elliot, 20+ Yrs Industry Experience
(eXp Realty)
The previous week offered a blend of economic updates, encompassing data on inflation trends, the pulse of consumer sentiment, and the weekly oscillations in mortgage rates and unemployment claims.August Sees a Slight Upward Trend in InflationThe latest data on monthly inflation was made public on September 13th, revealing that core inflation in August experienced a jump of 0.3 percent over its July reading. This number is a tad above the anticipated 0.2 percent and also overshadows July's reading, which was set at 0.2 percent relative to the preceding month. Drawing from the Consumer Price Index, August witnessed a year-over-year inflation of 3.7 percent.In a broader perspective, the inflation rate observed a 2.4 percent increase in the past quarter when compared to the same timeframe ...
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By Manfred Lewis Leslie Horne & Associates, Realtor Spartanburg and Greenville SC
(Leslie Horne &Associates )
Exploring mortgage terminology: "Cash Offer." It's all about making a move without mortgage loans or financing. Ready to discuss your homebuying journey? Let's connect! #thehelpfulagent #home #houseexpert #house #listreports #homeowner #househunting #finances #investment #realestate #realtor #realestateagent
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By Dennis Neal, Your Home Sold in 21 Days or We Sell It For Free
(RE/MAX, Big Bear)
Hey there, future homeowner! We understand that the journey to securing a home loan can sometimes be a bit tricky. But fear not, we've got your back! Here are six friendly steps to help you on your way to getting that dream home:1. Amp Up Your Credit ScoreYour credit score is like your financial report card, and it matters when applying for a mortgage. Start by grabbing a copy of your credit report. You're entitled to one free report per year from each of the three credit agencies. Check for accuracy and identify areas for improvement.If you're new to credit, consider a secured credit card with a modest limit. It's a smart way to build your credit history and show that you can manage credit responsibly. Just remember, balance is key – too many cards might do more harm than good!2. Tackl...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
There are as many ways to get a home loan in Pensacola Florida as there are homes LOL with little to no money down let's look at a few. There are always the traditional ways as well such as FHA, VA, and Conventional.    SHIP First Time Homebuyers Program The City of Pensacola and Escambia County jointly participate in the State Housing Initiatives Partnership (SHIP) First-Time Homebuyers Program. The program is designed to assist low and moderate-income families in obtaining affordable housing. SHIP funds of up to $25,000 based on income are available for down payment and closing cost assistance. The monies are offered in the form of a zero-interest deferred payment loan.  Pensacola Homebuyer Incentive Program The City of Pensacola is offering up to $30,000 in down payment and closing ...
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By Bob Elliot, 20+ Yrs Industry Experience
(eXp Realty)
Last week’s scheduled economic reporting was limited due to the U.S. Labor Day holiday on Monday. The Federal Reserve released its Beige Book report and weekly readings on mortgage rates and jobless claims were also published. Federal Reserve Releases Beige Book ReportThe Beige Book report is a summary of information supplied to Federal Reserve policymakers by their business and professional contacts. Highlights of September’s Beige Book report included:Accelerated leisure spending by consumers boosted economic growth during July and August.Non-essential retail sales slowed, but the economy was boosted by a final stage of post-COVID-19 pent-up demand.Prices for consumer goods fell faster than in many other sectors.Auto sales rose due to better inventories available to consumers but incr...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Some say our best years are behind us as far as mortgage rates go but that is what all doomsayers say and I say buy now and refinance later because buying is always better than renting.    If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared to where they are now. Beyond that, it’s important to understand their relationship with inflation for insights into where mortgage rates might go in the near future. Click Here to Continue Reading & Share Pensacola to Navarre and Gulf Breeze to Jay Florida as well as all over the Gulf...
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By Bill Salvatore - East Valley, Realtor - 602-999-0952 / em: golfArizona@cox.net
(Arizona Elite Properties )
Rising rents are making it more and more difficult for hopeful home buyers to save enough money for a downpayment and closing costs.   READ FULL BLOG HEREHome ownership has a mountain of advantages, not the least of which is the ability to build equity while establishing stability for you and your family. While your investment appreciates, homeowners can receive tax benefits via deductions, develop long-term relationships with neighbors and friends, schools, churches and organizations, and enjoy the freedom to remodel, design, expand and create your ideal lifestyle.  YOUR   Latest activity in the VALLEY of the SUNFor ALL your Valley AZ Real Estate NeedsPHONE   Bill   at   602-999-0952Text         Bill   at    602-999-0952Email      Bill    at     billAZElite@cox.net Read other YVP Blogs...
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By Dennis Neal, Your Home Sold in 21 Days or We Sell It For Free
(RE/MAX, Big Bear)
Buckle up, because we're about to dive into the fascinating world of credit scores! You might think it's just a number, but your credit score holds the key to your financial dreams. Let's unravel the mystery and learn how to make it work for you.FICO: The Credit Wizard You Should Get to KnowEver heard of FICO? It's like the Gandalf of the credit world, a wizard with immense power. FICO stands for Fair Isaac & Co., named after its founders, Fair and Isaac, who started this magical journey 60 years ago. Today, it's not just a name but an acronym known to many. But what does it do?FICO is the gatekeeper to your financial reputation. It measures your creditworthiness based on your payment history, outstanding balances, and other factors. Think of it as your financial report card; the higher...
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By Bob Elliot, 20+ Yrs Industry Experience
(eXp Realty)
Last week’s economic reporting included readings on inflation, consumer sentiment, and weekly readings on mortgage rates and jobless claims.  Inflation Rates Are Similar in AugustMonth-to-month, the inflation rate holds relatively steady at 3.18 percent. This is slightly up when compared to 2.97 percent last month; however, it is significantly lower than the rate of 8.52 percent last year. When compared to the long-term average, inflation is trending in the right direction, as the long-term average is 3.2 percent.Inflation rose at a pace of 0.20 percent in July and met analysts’ expectations. There was no change in the pace of month-to-month inflation from June’s reading of 0.20 percent growth. The Consumer Price Index also reported that year-over-year inflation reached 9.10 percent, wh...
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By Joe Jackson, Clintonville and Central Ohio Real Estate Expert
(Keller Williams Capital Partners Realty)
One of the key takeaways I appreciate is the emphasis on the importance of a good credit score and stable credit history for conventional loans. It underscores the need for financial preparedness when entering the housing market.Additionally, your insights on private mortgage insurance (PMI) and the down payment requirements shed light on important considerations for buyers.Have a super fantastic week!Joe Jackson, Realtor-KWCP What is conventional financing? A conventional loan is one that is provided by a private lender such as a bank or credit union. With a conventional loan, you get the money you need up front, and pay back the lender over the course of your mortgage. Conventional home loans typically require a down payment and good finances to secure the best terms. A conventional l...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
               Latest rates, based on 20 percent down, $200,000 owner-occupant mortgages. The rates and terms may vary; check with lenders for details. Rates may have changed click here to verifyAugust 30th  Lender Term/Type Interest Rate % Points % *APR Aloha Pacific Federal Credit Union808-531-3711NMLS#377314 15-YR Fixed 5.875 1.875 6.355 30-YR Fixed 6.250 1.875 6.544 5-YR ARM 5.375 0.750 5.546 American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 6.000 2.000 6.454 30-YR Fixed 6.500 2.000 6.784 5-YR ARM 6.875 1.250 7.722 Bank of Hawaii877-616-2636 15-YR Fixed 6.375 1.000 6.534 30-YR Fixed 6.750 1.000 6.848 5-YR ARM 6.375 1.500 7.442 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 6.000 2.125 6.484 30-YR Fixed 6.375 2.125 6.674 5-YR ARM 7.375 0.000 7.932 Finance Factors808-5...
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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...
Comments 1
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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