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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 Denise Gentile, REALTOR , Riverside County
(Coldwell Banker Associated Brokers Realty)
Choosing between a rate buydown, and reducing the sale price depends on market conditions, the seller's situation, and buyer needs. Rate buy downs lower monthly payments, which is appealing in high-interest environments, but requires upfront investment. Reducing the sale price is simpler and quicker, but can reduce the seller's returns, and doesn't significantly impact monthly payments. Sellers should evaluate their specific circumstances and market dynamics to decide the best strategy.**Rate Buydown vs. Reducing Price** A Comparison:When selling a home, two common strategies to attract buyers are rate buydowns and reducing the sale price. Both aim to make the purchase more affordable but do so differently. Understanding each can help sellers choose the best approach.Rate Buydown What i...
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By Manfred Lewis Leslie Horne & Associates, Realtor Spartanburg and Greenville SC
(Leslie Horne &Associates )
Understanding mortgage terms is almost as important as understanding the term of your mortgage. But don't stress, I'm here to help you understand it all. Just leave me a comment with any questions you might have! #thehelpfulagent #home #houseexpert #house #listreports #themoreyouknow #icanhelp #mortgage #finances #realestate #realtor #realestateagent #househunting
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By Thomas Santore Lic Associate Real Estate Broker, Realtor®-ABR-Land, Residential & Commercial Sa
(Coldwell Banker Realty/Coldwell Banker Commercial NRT)
Property Value Fluctuations Real Estate Market: Changes in the local real estate market can affect property values, and thus, the assessed values. Improvements and Renovations: Upgrades or additions to your property can increase its assessed value. Tax Rate Changes Local Government Decisions: Tax rates can be adjusted by local governments based on budgetary needs and public approval processes.Paying Property TaxesPayment Methods Annual or Semi-Annual Payments: Property taxes are usually paid once or twice a year. Escrow Accounts: Many mortgage lenders collect property tax payments monthly as part of your mortgage payment and then pay the taxes on your behalf. Consequences of Non-Payment Penalties and Interest: Late payments can incur penalties and interest charges. Tax Liens and Foreclo...
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By Thomas Santore Lic Associate Real Estate Broker, Realtor®-ABR-Land, Residential & Commercial Sa
(Coldwell Banker Realty/Coldwell Banker Commercial NRT)
Understanding Property TaxesWhat Are Property Taxes?Definition Property Tax: A tax on real estate, which includes land and the structures on it, imposed by local governments based on the property's assessed value.Purpose Funding Public Services: Property taxes are used to fund local government operations and public services like education, transportation, law enforcement, and infrastructure maintenance.How Property Taxes Are AssessedProperty Valuation Market Value: The estimated amount your property would sell for in the current market. Assessed Value: Typically a percentage of the market value, determined by the local tax assessor. This percentage varies by jurisdiction. Assessment Ratio: The percentage of the market value that is subject to tax. For example, if the assessment ratio is...
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By Bob Elliot, 30+ Yrs Industry Experience
(eXp Realty)
The prior week showed a surprising display of inflation, in that for consumers, it was less than expected. This is giving way to some optimism that inflation is on the right track to being under control.On the other end of the spectrum, for producers, inflation had shown to be slightly higher than expected. But the far higher impact of the two reports is the Consumer Price Index. The Federal Reserve had still stuck to their stance as from the last FOMC opting to withhold any rate reduction decisions until late in the year, but the data coming in largely on a positive note has changed the previously highly negative outlooks into a neutral stance.Consumer Price IndexThe cost of consumer goods and services rose 0.3% in April, largely because of higher oil prices and housing costs, as infla...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Veteran Impact is PunitiveThe antitrust case against the National Association of Realtors (NAR) could potentially have a significant negative impact on veterans trying to purchase a home using the VA home loan program. This is because the VA loan program prohibits the veteran buyer from paying real estate commissions or fees to the buyer's agent.[1][2][7]If the antitrust case leads to changes that require home buyers to directly pay commissions to the buyer's agent, it will disadvantage veteran buyers using VA loans.The Impact on Veterans- The VA loan rules currently allow the seller to pay the commission for both the listing agent and buyer's agent through the offer of compensation on the MLS listing.[2]- Last year, the average VA purchase loan was about $370,000. Based on that figure,...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Higher Rates Creating a Larger Housing Supply Buyers have a more comprehensive selection of homes today than a year ago, but rising mortgage rates remain a hurdle for many. More Information New Construction Mortgage Lending Rebounds New home purchases bounced back in April after a March decline. First-time home buyers seeking FHA-insured financing were among the most significant buyers. More Information  Whether getting a mortgage or refinancing, we will help you with one of our lenders. The C-Note is a short version of the monthly newsletter put out by Charles Stallions, (CRS) Certified Residential Specialist, (SREE) Senior Real Estate Expert, (CPI) Certified Property Investor, Author, and a Broker of Real Estate since 1995, designed to put HUNDREDS, if not THOUSANDS, of dollars back i...
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By Nick Marr, Promoting real estate internationally
(HOMESGOFAST)
Merchants facing the inevitable costs of processing credit card transactions are increasingly turning to surcharge programs to share the burden with their customers. These programs are designed to offset merchant service fees by adding a small percentage to transactions where customers choose to pay with credit cards. As electronic payments continue to overshadow cash transactions, surcharge programs offer a financial strategy that helps businesses maintain their bottom lines while complying with card network regulations.Embracing a surcharge program comes with a variety of benefits for merchants. First, it helps in reducing the cost of card acceptance by passing the surcharge on to the customer, allowing merchants to keep more of their revenue. Additionally, it creates a transparent pr...
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By Rodney Mason, VP of Mtg Lending, AL,AR,AZ,CA,CO,FL,GA,IN,MI,MS,NC,NV,SC,TN,TX,VA,WA
(Guaranteed Rate NMLS# 2611)
From coast to coast, I can help you with all of your mortgage needs. We offer a full range of loan programs from Renovation Mortgages to Down Payment Assistance to Reverse Mortgages to HELOC's and everything in between.   Give me a call at (404) 591-2453 to discuss your mortgage options. For any state where I am not personally licensed, a member of my team will be able to assist with all of your mortgage needs. At Guaranteed Rate, we have you covered nationwide.    
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By Bob Elliot, 30+ Yrs Industry Experience
(eXp Realty)
An extremely light week following the FOMC, with the only note-worthy reporting being the Consumer Sentiment reports from the University of Michigan, which gives a long term outlook of the consumer on the economy. The report has come in well under expectations, much more so than any previous release in the last 6 months. This is largely due to the increase in the cost of living for every sector.Consumer SentimentThe University of Michigan’s gauge of consumer sentiment fell to 67.4 in a preliminary May reading, down from 77.2 in the prior month.Primary Mortgage Market Survey Index 15-Yr FRM rates are seeing a decrease by -0.09% with the current rate at 6.38% 30-Yr FRM rates are seeing a decrease by -0.13% with the current rate at 7.09% MND Rate Index 30-Yr FHA rates are seeing a -0.08% d...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Did you know we have financing options that allow buyers to finance a new roof, dream deck, upgrade their kitchen/bathroom, and so much more? Contact me today for more details! If you can dream it, we can make it happen. Let's have a 7-minute phone call or text about your options, and if you like, we can proceed. If not, no problem. Mortgage 101: Thinking of financing, refinancing, or just needing to understand how the process works? It all starts here. We research whether it's a VA, FHA, conventional, or non-traditional loan for you. We can help simplify the process and remove the challenges.   How to Get Mortgage Info and a FREE Credit Report Understanding the various options available in real estate financing can make a significant difference in achieving your homeownership dreams. F...
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By Bob Elliot, 30+ Yrs Industry Experience
(eXp Realty)
Week in ReviewWith the passing of the Federal Open Market Committee rate decision panel, we now have definitively confirmed that the Federal Reserve intends to keep the rates at a two-decade high, for the sixth straight meeting by a unanimous vote. Jerome Powell had stated during the Q&A that they do not intend to cut rates until they have confidence that inflation will, “sustainably stay lower than the 2% objective.” Lending partners have responded in kind by a rush in an increase of rates the last three weeks in a row, with expectations tempered about impending rate cuts any time soon.  Markets across the board have experienced a cooling off as a result. Manufacturing has seen a slow trend downwards since the start of the year as reflected in the recent PMI and ISM data releases.FOMCF...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Did you know we have financing options that allow buyers to finance a new roof, dream deck, upgrade their kitchen/bathroom, and so much more? Contact me today for more details! If you can dream it, we can make it happen. Let's have a 7-minute phone call or text about your options, and if you like, we can proceed. If not, no problem. Mortgage 101: Thinking of financing, refinancing, or just needing to understand how the process works? It all starts here. We research whether it's a VA, FHA, conventional, or non-traditional loan for you. We can help simplify the process and remove the challenges. How to Get Mortgage Info and a FREE Credit Report"Explore our latest inventory of homes or conduct your search at your convenience.Check out the latest Guide to Buying a Home.Check out the latest ...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
If you were connected with my circles on social media right now, you might be led to believe that the sky is falling when it comes to mortgage rates. Of course, none of us in real estate and related industries love it when rates rise. That often means our clients must make tough decisions if they are home shopping or pondering a refinance.  More on this after some data: In a fresh Mortgage News Daily piece, Matthew Graham writes: "In 2023, there were multiple examples of mortgage rates moving up by roughly half a percent in a relatively short time (1-3 weeks). Since the significant shift in November, we've only seen one similar example, and it was more of a technicality (a sharp drop in rates followed by a correction in early Feb) until today.Rates were already on the run toward higher...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Bottom Line: "We 'R' The Realtors For That." Sign up for our Monthly Real Estate NewsletterWe are Ambassadors for Pensacola, Pace, and Gulf Breeze, Florida. Whether you're a first-time guest or a frequent visitor, do as the locals do when you need to know something — whether about an excellent place to eat, job opportunities, or a real estate question. Call or text Charles Stallions at 850-476-4494 or email charles@charlesstallions.com. It's Who We "R."#PensacolaHomesForSale #PensacolaRealEstate #Pensacola Homes #Pensacola home investors #first-time homebuyers in Pensacola #Pensacola Home Sellers #Pensacola Home Buyers #about Pensacola#commissions #seniors #Charles Stallions # New construction #buying myths #selling myths #mortgage myths #C-NOTE#Pace Florida #Pace HomesForSale #Pace Rea...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
The tradition of lei-making continues at The 96th Lei Day Celebration! from 9 a.m. to 5 p.m. on May 1 at Kapi‘olani ParkO‘AHU – Mayor Rick Blangiardi and the Honolulu Department of Parks and Recreation (DPR) welcome everyone to celebrate one of the most recognized symbols of aloha during the 96th Lei Day Celebration! The tradition honoring Native Hawaiian culture and all things lei will be held on Wednesday, May 1, 2024 from 9 a.m. to 5 p.m. at the Kapi‘olani Park Bandstand.This year’s Lei Day theme of Komo mai kāu māpuna hoe (Dip your paddle in), invites everyone to enjoy this free event showcasing the skill and artistry of Hawai‘i’s lei makers. The event also features fantastic local entertainment and performances from hula halau. The following is the schedule of events at the bandsta...
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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 verifyWednesday, May 1, 2024  Lender Term/Type Interest Rate % Points % *APR American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 6.000 1.875 6.434 30-YR Fixed 6.750 2.125 7.052 5-YR ARM 6.250 2.000 7.611 Bank of Hawaii877-616-2636 15-YR Fixed 6.625 0.750 6.745 30-YR Fixed 6.875 1.750 7.049 5-YR ARM 6.500 0.875 7.503 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 6.000 2.125 6.484 30-YR Fixed 6.750 1.875 7.033 5-YR ARM 7.125 0.000 7.900 Finance Factors808-548-3300NMLS#449916 15-YR Fixed 6.250 2.000 6.811 30-YR Fixed 6.875 2.125 7.244 5-YR ARM 6.750 1.500 7.884 First Hawaiian Bank808-643-4...
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By Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets, CEO of Vision Drive Realty - Coastal San Diego
(Big Block Realty 858.232.8722)
Over 55% OF AMERICAN are enjoying 50% to 80% Equity in their homes. This has never been truer for San Diego Homeowners who have experienced year over year growth since 2012.Your equity value is the combination of the difference between your original purchase price and your current estimated value. Add to that, your original down payment and any principal you've paid into on your loan. Strong equity means you have options: refi to remodel and improve your home more. This also adds value to your home and equity can serve as a natural budget for your project. Equity can also be saved and built over time s you can cash in big when you decide to sell or stay put and take out a reverse mortgage and let your equity pay you a "monthly salary". This can make retiring quite possible!  See the exa...
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By Stieg Strand, showing up. working hard. every day.
(RE/MAX Results)
This is the 2nd of 6 part in this series topic. I think it is important to put all things into perspective.  Since March 15th, and even before with all the speculating, it has made or at least suggested that Realtor's are incompetent, crooked, or simply greedy. There is always room in every industry for policing, and I am a big fan of that, and have been directly involved in Real Estate Ethics, Fair Housing, Representation, and the like for 18 of my currently 28 year career in real estate. I also think it is important to shed the light on a number of these Media Spins. The media has stated that the settlement prohibits sellers from paying a commission to a buyer’s broker and relieves sellers of the financial burden.That is False.One of the new requirements is that any offer of buyer bro...
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By Bob Elliot, 30+ Yrs Industry Experience
(eXp Realty)
At Wednesday's meeting, the Federal Open Market Committee (FOMC) is widely expected to maintain the current federal funds rate target range of 5.25% to 5.50%. This decision comes amidst conflicting economic signals. Tailing that, there is the Chicago PMI, Non-farm Payrolls, and the full release of the Consumer Confidence report. All of these are expected to match current economic conditions.The prior week's GDP numbers also factor into the equation, informing that economic growth has slowed this year compared to the previous year for Quarter 1. The PCE Index, the Federal Reserve’s preferred choice of inflation indicators, has shown inflation is within expectations but the whole picture is clear.PCI IndexPrices in the U.S. jumped again in March based on the Federal Reserve’s preferred PC...
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