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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 Bob Elliot, 30Yrs Experience
(eXp Realty)
The journey to purchasing or selling a home can be a thrilling experience, but it also involves a series of legal steps that need to be clearly understood. The real estate legal process includes contracts, disclosures, and closing procedures, all of which are essential for ensuring that both buyers and sellers are protected throughout the transaction. In this post, we will break down these key terms so you can be prepared and informed during your home-buying or selling journey.1. ContractsA contract is a formal, legally binding agreement between two or more parties. In real estate, the contract is typically known as the "purchase agreement" or "sales contract," and it outlines the terms and conditions of the transaction. What It Includes: The contract includes vital details such as the ...
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By Bob Elliot, 30Yrs Experience
(eXp Realty)
Recent economic data brought significant relief, with both the CPI and PPI indicating that inflation was running cooler than expected. In the context of the current administration, this was welcome news, helping to ease concerns about potential monetary policy changes. The Federal Reserve has very frequently signaled they will follow the data and this time it was a positive result towards reducing rates further this year. The change in administration, however, still remains unknown and there is a lot of unrest across lending partners and markets alike. This was also followed by a better than expected Retail Sales report which has shown 2025 to start off with some economic momentum. Both reports are critical factors in shaping future rate adjustments. Despite this, lending partners have ...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Finding your dream home is thrilling, but securing the right mortgage is just as essential for long-term homeownership. This is where a mortgage lender becomes your financial ally, helping you navigate loan options and determine how much you can borrow. With Charles Stallions as your trusted real estate broker, you'll have expert guidance throughout this critical process.Who Is a Lender?A lender is a key player on your home-buying team—essentially, the financial wizard who provides the funds for your mortgage. They help you find the right loan, guide you through the application process, and ensure all your paperwork is in order.Here are the four main types of lenders you can consider: Banks: Traditional institutions offering loans along with other financial services. Credit Unions: Memb...
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By Bob Elliot, 30Yrs Experience
(eXp Realty)
Paying off your mortgage faster is a tempting goal. After all, who doesn’t want to own their home outright sooner and save on interest along the way? One way to do this is by lowering your amortization period, which is the time it takes to repay your mortgage in full. But is it the right move for you?What Happens When You Lower Your Amortization?Lowering your amortization means shortening the repayment period for your mortgage. For example, instead of a 30-year term, you might choose 15 or 20 years. While this strategy can lead to significant savings in interest and help you build equity faster, it also comes with higher monthly payments.1. Higher Monthly PaymentsWhen you shorten your amortization, your monthly payments will increase because you’re spreading the same loan amount over a ...
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By Manfred Lewis Leslie Horne & Associates, Realtor Spartanburg and Greenville SC
(Leslie Horne &Associates )
Homeownership comes with tax perks! As the year wraps up, make sure you’re getting the most out of your mortgage, property taxes, and more. Need advice on how owning a home can help your finances? Let’s chat! 📲 #thehelpfulagent #home #houseexpert #house #listreports #taxes #a011525 #realestate #finances #investment #happyhomeowners #themoreyouknow #realtor #realestateagent #dreamhome
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By Bob Elliot, 30Yrs Experience
(eXp Realty)
In the first FOMC Minutes of the year, the Federal Reserve signaled strongly that while officials remain vigilant for inflation exceeding their expectations, they have no plans to raise interest rates. Much of the apprehension among speculators is the monetary policy which could keep inflation higher than expected for some time. Meanwhile, unemployment reports indicate that the previous year remained stable, consistently staying below the annual high—a positive sign of a stronger job market.  However, this has been somewhat dampened by the recent reports of the Trade Deficit. Compared to the previous year, the trade gap has nearly doubled, potentially clashing with the policies introduced by the Trump Administration.Unemployment ReportThe Federal Reserve's sharp half-point reduction in ...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
How Does a Reverse Mortgage Work?Charles Stallions, CSE and a senior advocate since 2000, is constantly attending educational and real estate courses that have long benefited the Senior Community, from the best place to live if needed to staying in place if that is your desire. Charles spends many hours as an advocate for one of our country's most treasured assets: our seniors. To qualify for a reverse mortgage loan, you must own a home, be at least 62 years old, and have enough equity built up in your home. The loan works by making payments to the borrower based on a percentage of the equity that has been built up in the home. The loan is repaid when the borrower sells the home, moves out, or dies. The factors that impact the loan amount for which you may be eligible include your age, ...
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By Manfred Lewis Leslie Horne & Associates, Realtor Spartanburg and Greenville SC
(Leslie Horne &Associates )
🏠 When it comes to buying your dream home, your credit score plays a big role! Did you know that different loans have different credit score requirements? It’s important to know where you stand so we can find the best option for you. Let’s chat about your options and set you up for success! 💬 DM me if you’re ready to get started! #thehelpfulagent #home #houseexpert #listreports #investment #finances #smartmoney #a010925 #realestate #realestateagent #realtor #newhome #dreamhome
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By Joe Jackson, Clintonville and Central Ohio Real Estate Expert
(Keller Williams Capital Partners Realty)
Mortgage forbearance offers a temporary pause or reduction in payments for homeowners facing financial difficulties, providing relief during challenging times. It’s a valuable option for those struggling to meet mortgage obligations due to unforeseen circumstances. This blog provides key insights into leveraging forbearance responsibly.Have a super fantastic week!Joe Jackson, Realtor-KWCP Mortgage forbearance - Let’s face it, life can throw some curveballs. Financial struggles can happen to anyone, whether it’s a job loss, unexpected bills, or a natural disaster. But here’s the good news. If you’re a homeowner feeling the squeeze, there’s a lifeline many people don’t realize is still available: mortgage forbearance. What Is Mortgage Forbearance? As Bankrate explains: “Mortgage forbearan...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Mortgage forbearance - Let’s face it, life can throw some curveballs. Financial struggles can happen to anyone, whether it’s a job loss, unexpected bills, or a natural disaster. But here’s the good news. If you’re a homeowner feeling the squeeze, there’s a lifeline many people don’t realize is still available: mortgage forbearance.What Is Mortgage Forbearance?As Bankrate explains: “Mortgage forbearance is an option that allows borrowers to pause or lower their mortgage payments while dealing with a short-term crisis, such as a job loss, illness or other financial setback . . . When you can’t afford to pay your mortgage, forbearance gives you a chance to sort out your finances and get back on track.” A common misconception is that forbearance was only accessible during the COVID-19 pande...
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By Will Hamm, "Where There's a Will, There's a Way!"
(Hamm Homes)
Buyers could use this information that Bridget shared with us How Can I Pay Off My Debt Quickly?   It's a new year and a common goal is to get healthy.  For some getting healthy  means losing weight, getting more exercise or more sleep, but the focus of this post is going to be getting financially healthy (I am the Maryland Mortgage Mama after all!)    I bet you will be surprised that once you start getting financially healthy, some of the other health goals will start to fall into place.  Debt can be a big cause of stress, which can lead to lots of other problems!  First things first.  Let's determine where you are right now.  1.  Gather your credit card bills and other monthly bills/expenses, paystubs and bank statements.  2. Grab a new notebook or open an excel/google doc and list ou...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Pros and Cons of Adjustable-Rate Mortgages: Is It Right for You?Thinking about an Adjustable-Rate Mortgage (ARM)? Understanding the benefits and potential risks can help you decide if it’s the right fit for your financial goals.An Adjustable-Rate Mortgage (ARM) can offer flexibility, but it comes with its own set of pros and cons. Here’s what you need to know:Pros of Adjustable-Rate Mortgages (ARMs): Lower Initial Interest Rates:ARMs typically start with a lower interest rate compared to fixed-rate mortgages, making your monthly payments more affordable in the beginning. Potential for Savings:If interest rates remain stable or decrease, you could save money over time compared to a fixed-rate mortgage. Flexibility for Short-Term Buyers:If you plan to sell or refinance within a few years,...
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By Bridget "Mortgage Mama" McGee, Maryland Mortgage Mama NMLS#196068
(SWBC Mortgage 410-960-2061)
How Can I Pay Off My Debt Quickly? It's a new year and a common goal is to get healthy.  For some getting healthy  means losing weight, getting more exercise or more sleep, but the focus of this post is going to be getting financially healthy (I am the Maryland Mortgage Mama after all!)   I bet you will be surprised that once you start getting financially healthy, some of the other health goals will start to fall into place.  Debt can be a big cause of stress, which can lead to lots of other problems! First things first.  Let's determine where you are right now. 1.  Gather your credit card bills and other monthly bills/expenses, paystubs and bank statements. 2. Grab a new notebook or open an excel/google doc and list outa.  your total debt balances and payments b.  static payments (rent...
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By Bridget "Mortgage Mama" McGee, Maryland Mortgage Mama NMLS#196068
(SWBC Mortgage 410-960-2061)
Buying a Maryland Home in 2025-Credit  Understanding credit is essential for first-time homebuyers, as it significantly influences your ability to secure a mortgage and the terms you'll receive, not only on a home, but on all other lines of credit as well. Let's break down the basics of credit to help you on your home-buying journey. What Is Credit? Credit is an agreement where a lender allows you to borrow money with the promise that you'll repay it later, usually with interest. Your credit history records how you've managed borrowed money, including credit cards, loans, and other debts. What Is a Credit Score? A credit score is a three-digit number that reflects your creditworthiness, or how likely you are to repay borrowed money. Scores typically range from 300 to 850; higher scores ...
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By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Happy New Year!     Wishing you and your family a blessed and Happy New Year and if you are planning on buying your dream home or selling your existing home please contact me today as I’d be thrilled to assist you. #happynewyear2025 #HappyNewYear #dreamhome #auburnrealtor #opelikarealestate    
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By Christopher Pataki, Hockessin Delaware Real Estate
(RE/MAX Associates)
Your credit score is a major factor in obtaining a favorable mortgage rate when purchasing a home. Now is the ideal time to begin working on raising your credit score if you intend to buy a house in 2025. You may improve your future mortgage alternatives and raise your credit score by following these easy and doable measures. 1. Reduce Your Current Debt Reducing your outstanding debt is one of the best strategies to raise your credit score. Your credit score may improve if your credit utilization rate—the percentage of your available credit that you're using—is lower. Prioritize paying off high-interest loans or credit cards. When assessing your application, mortgage lenders also look at your debt-to-income ratio, which this can assist reduce. Additionally, repaying outstanding bills de...
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By Joe Mojica, Your Home Adds Value to You
(Laer Realty Partners Bowen)
On their website, Bank of America details the difference between Home equity vs. line of credit.  Below is valuable loan information.What is a home equity line of credit?A HELOC provides ongoing access to funds. Unlike a conventional loan a HELOC is a revolving line of credit, allowing you to borrow more than once. In that way, it's like a credit card, except with a HELOC, your home is used as collateral. A HELOC has a credit limit and a specified borrowing period, which is typically 10 years. During that time, you can tap into your line of credit to withdraw money (up to your credit limit) when you need it. You use the funds only when you need to, and you can continue to use the funds as you repay them. A HELOC can be opened to fund a specific need, or can be opened ahead of time so th...
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By Kimo Stowell, REALTOR® 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 verify Wednesday, January 1, 2025  Lender Term/Type Interest Rate % Points % *APR American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 5.750 1.750 6.158 30-YR Fixed 6.625 1.750 6.886 5-YR ARM 6.000 1.875 7.013 Bank of Hawaii877-616-2636 15-YR Fixed 6.250 0.875 6.389 30-YR Fixed 6.500 2.000 6.695 5-YR ARM 5.500 2.000 6.698 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 5.625 2.125 6.099 30-YR Fixed 6.375 2.125 6.674 5-YR ARM 6.750 0.000 7.242 Finance Factors808-548-3300NMLS#449916 15-YR Fixed 5.625 1.875 6.149 30-YR Fixed 6.500 1.875 6.833 5-YR ARM 5.875 1.500 7.012 First Hawaiian Bank808-...
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By Bob Elliot, 30Yrs Experience
(eXp Realty)
With Christmas concluding the prior week, there were few reports other than Consumer Confidence, which had come in slightly below expectations. This should prove to have little impact, especially in the following week. With the New Year on the horizon, there are no reports other than the Chicago Manufacturing output report for the entire week. Happy Holidays!Consumer ConfidenceA post-election pop in consumer confidence fizzled at the end of the year, owing to worries about the U.S. stock market and a potentially higher cost of living as a result of new tariffs. The index of consumer confidence dropped 8.1 points to a three-month low of 104.7 in December, the privately run Conference Board said Monday.Primary Mortgage Market Survey Index• 15-Yr FRM rates saw an increase of 0.08% with the...
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By Joe Metzler, Sr Loan Officer
(Cambria Mortgage)
Santa gets all the praise for delivering presents. You get all the debt! A cash out refinance or a home equity line of credit (HELOC) from Cambria Mortgage could be just what you need to provide some relief. Apply today, and let's put the Santa's bill away.JoeMetzler.com/apply or (651) 552-3681. Cambria Mortgage, NMLS 274132 is an Equal Housing Lender serving CO, FL, IA, MN, ND, SD, WI.
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