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 M.C. Dwyer, MC Dwyer-Santa Cruz Mountains Property Specialist
(Melody Russell Team at eXp Realty of California, Inc.)
Sometimes, I find another blogger's post that says exactly what I would have, if I'd taken the time to write about the topic, so I repost their blog.    In this case, full credit goes to Lise Howe of Washington D.C. - thanks Lise! This year has not been kind to buyers.  First it was hard to win a house because there were so many multiple offer situations where you had to compete with lots of other equally motivated buyers.  Now the inventory levels are improving and there are more homes to choose from.  You can actually get a home inspection!  Just as you thought the market was turning in your favor, interest rates have shot up!  Last year you had to pay a premium for a home  - this year, you have to pay a premium in the mortgage market!    If you’re shopping for a mortgage, you need to...
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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 Rocky Dickerson, Superior Service!
(Realty One Group)
Meet Charity Bond of Epiq Lending!Learn about the latest in what is happening in financing and refinancing your Las Vegas home!Rocky Dickerson | REALTOR® 🏡🔥 Bringing superior service to sellers & buyers in Las Vegas.☎️ (702) 743-7625 Call Me!rocky@rockysellsvegas.comRealty ONE GroupNevada S.0190863@RockySellsVegas#CharityBond #EpiqLending #LasVegasHomeLoans #InterestRates #humantrafficking #Refinancing #lasVegas #LasVegasCommunity
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People tend to fear those items they do not understand.  This is a great explanation.  This year has not been kind to buyers.  First it was hard to win a house because there were so many multiple offer situations where you had to compete with lots of other equally motivated buyers.  Now the inventory levels are improving and there are more homes to choose from.  You can actually get a home inspection!  Just as you thought the market was turning in your favor, interest rates have shot up!  Last year you had to pay a premium for a home  - this year, you have to pay a premium in the mortgage market!    If you’re shopping for a mortgage, you need to decide whether to choose one with a fixed or adjustable interest rate. Last year ajustable rate mortgages only accounted for 4% of mortgages in...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Our Tax Dollar is Under SiegeThe Biden administration has budgeted $2.3 Billion for illegal immigration at our southern border, and they are asking for more taxpayer money for 2023. Included is medical care, transportation flights, ground costs, funding NGO organizations to assist illegals, shelter at hotels, legal assistance for illegals, and cash to illegals to get them started. Source DHS & Heritage Foundation.Meanwhile, we have 1.1 million U.S. Military on food stamps - Source USDA.It's becoming harder to buy a house as prices are up year over year, and mortgage rates are soaring in 2022. At the same time, consumer prices on everything are also on the rise making it even more difficult to save money to buy a house next year.In an effort to tamp down inflation, the Federal Reserve is...
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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, November 2, 2022  Lender Term/Type Interest Rate % Points % *APR American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 6.125 1.875 6.562 30-YR Fixed 6.625 1.875 6.899 5-YR ARM 5.000 1.625 5.643 Bank of Hawaii877-616-2636 15-YR Fixed 5.625 2.125 5.958 30-YR Fixed 6.375 1.875 6.557 5-YR ARM 4.875 2.125 5.609 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 5.875 2.125 6.356 30-YR Fixed 6.375 2.000 6.661 5-YR ARM 5.875 0.000 6.024 Finance Factors808-548-3300NMLS#449916 15-YR Fixed 5.750 1.875 6.277 30-YR Fixed 6.250 2.000 6.589 5-YR ARM 6.125 1.500 7.335 First Hawaiian Bank808-...
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By Barbara S. Duncan, GRI, e-PRO, Executive Broker, Searcy AR
(RE/MAX Advantage)
Interest rate booklet from 1980's.So we REALTORS are worried about what's coming!  Interest rates are around 7% right now and we are hurting.  Those of us who go back to the 1980s remember living through awful times.  This book was found in a deceased real estate agent's estate sale and brought back many memories for me.  We did lots of owner-financing!  We were also fortunate in having some assumable loans that didn't require credit checks or permission.  FHA loans, VA loans, and ADFA (called bond money loans) were assumable.  This book was published in 1980 and had the owner's name and his date was 1989.Let's see what happens!  We made it through it then but it was no fun!! 
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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 Applying for a Mortgage Doesn't Have To Be Scary   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. Any major life change can be scary, and buying a home is no different. Let's connect so you have an advisor by your side to take fear out of the equation.         “YOUR Rock-Solid Choice Realtor for Making Home Sellers a Profit & Home Buyers Equity”    
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By Melissa Thompson, I'm a real estate agent helping buyers and sellers
(Thompson Real Estate)
Are you new to buying a home?It can be an overwhelming process, especially with so many mortgage mistakes that you can make. Making the wrong decision for yourself and your family can have long-term repercussions, such as financial strain down the line.There are a few key things that you should look out for as you shop around for mortgages. Read on to learn more about common mortgage-buying errors and how to avoid them.1. Choosing a Lender Over the Phone or via EmailOne of the most significant errors is choosing a lender over the phone or via email. While this may save you time, it can also lead to you paying more for your mortgage.This is because you will not be able to compare rates and terms from different lenders.The stated price is the price the lender would agree to with a qualifi...
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By Bob Elliot, 20+ Yrs Industry Experience
(eXp Realty)
Last week’s economic news included readings on home prices from S&P Case-Shiller home price indices along with sales of new homes and federal government data on inflation. Weekly readings on mortgage rates and jobless claims were also released. S&P Case-Shiller Home Price Indices: Home Price Growth Slows in AugustU.S home prices fell by 9.8 percent year-over-year in August according to S&P Case-Shiller’s National Home Price Index. National home prices fell by -5.3 percent in July. The 20-City Home Price Index rose  13.1 percent year-over-year but reflected readings from markets that were stronger in 2021. Miami. Florida, Tampa, Florida, and Charlotte, North Carolina held the top three spots for home price gains.The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Ma...
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By Melissa Thompson, I'm a real estate agent helping buyers and sellers
(Thompson Real Estate)
Are you facing the heart-wrenching reality that your home is going into foreclosure?In 2007, 1.5 million American properties fell into foreclosure. As the mortgages got more expensive and the regulations got tighter, more and more people found themselves in this challenging situation.Can you sell a house in foreclosure? Are you hoping to sell the house to the bank and move on? Read on to learn all about selling a home in foreclosure.Can You Sell a House in Foreclosure: Don't Give UpIf you are in the foreclosure process, you may be wondering if you can still sell your house. The answer is yes; you can still sell your home, even if it is in foreclosure.There are a few things to keep in mind, however, if you plan to sell your home in foreclosure. First, you will need to find a buyer willin...
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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...
Comments 5
This year has not been kind to buyers.  First it was hard to win a house because there were so many multiple offer situations where you had to compete with lots of other equally motivated buyers.  Now the inventory levels are improving and there are more homes to choose from.  You can actually get a home inspection!  Just as you thought the market was turning in your favor, interest rates have shot up!  Last year you had to pay a premium for a home  - this year, you have to pay a premium in the mortgage market!    If you’re shopping for a mortgage, you need to decide whether to choose one with a fixed or adjustable interest rate. Last year ajustable rate mortgages only accounted for 4% of mortgages in the US, but now they are as much as 10% of mortgages - a real reflection of the highe...
Comments 4
By Lise Howe, Assoc. Broker in DC, MD, VA and attorney in DC
(Keller Williams Capital Properties)
This year has not been kind to buyers.  First it was hard to win a house because there were so many multiple offer situations where you had to compete with lots of other equally motivated buyers.  Now the inventory levels are improving and there are more homes to choose from.  You can actually get a home inspection!  Just as you thought the market was turning in your favor, interest rates have shot up!  Last year you had to pay a premium for a home  - this year, you have to pay a premium in the mortgage market!   If you’re shopping for a mortgage, you need to decide whether to choose one with a fixed or adjustable interest rate. Last year ajustable rate mortgages only accounted for 4% of mortgages in the US, but now they are as much as 10% of mortgages - a real reflection of the higher ...
Comments 24
Applying for a Mortgage Doesn't Have To Be Scary   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. Any major life change can be scary, and buying a home is no different. Let's connect so you have an advisor by your side to take fear out of the equation.         “YOUR Rock-Solid Choice Realtor for Making Home Sellers a Profit & Home Buyers Equity”    
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
   Growing up, many of us were taught that it was inappropriate to discuss money. But all that does is lead to confusion and poor financial habits and awareness down the road! Having proactive, honest conversations about money within your own family can help reduce stress and improve the financial capability of your children for the rest of their lives.   Explore our online financial education content to learn more about:   ·    Identifying the appropriate family members to have in the conversation ·    Strategies to make your conversations productive, not awkward ·    How to develop an action plan to create positive financial behaviors from a young age ·    Key topics relevant for the whole family including credit cards, budgeting, and building healthy financial Habits. Bottom Line "Th...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Applying for a Mortgage Doesn't Have To Be Scary 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. Any major life change can be scary, and buying a home is no different. Let's connect so you have an advisor by your side to take fear out of the equation.     
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By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
“Joe, I want to thank you again for getting the refinance done for me. I know it wasn’t a lot of revenues for you, but can tell you it meant the world to me. I can’t believe how stupid I was not paying my property taxes. When I had a mortgage, the taxes were included in the monthly payment. Unfortunately, it got totally out of hand. Never too old to learn a valuable lesson.”  I have never kept track of how often I do a refinance for folks that got behind on their property taxes. And I wish I could say it never happened to me… But like the email above, it didn’t happen again.The interest in the outstanding taxes is a killer. Interest on property taxes and credit cards accumulates in a hurry and can get out of hand fast!Forget ghosts and witches, paying high-interest on your debt is abou...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Well the 7% mortgage rates are not good for home buyers. However, there is currently some help for Home Buyers to consider in helping with their purchase. We are moving to a Buyer's Market so help in the form of Home Buyer's relief can come from these sources. (Help photo- Gerd Altmann from Pixabay)Home Buyers Relief1. Graduated Mortgage- Ask lenders for the formerly popular graduated mortgage with lower payments in the early years of a mortgage with a stepping up in monthly payments later on when a buyer's income may be higher or when the opportunity for a refinance at hopefully a lower future mortgage rate presents itself2. Mortgage Rate Buy Downs- Consider buying down a mortgage rate to a lower amount. In this Buyers Market ask your Realtor to negotiate a Seller contribution towards ...
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