Mortgage / Finance

Anybody that's hung around the ActiveRain “water cooler” for any length of time understands the value of the relationships built on the site. AR is so much more than a social networking site, however.


It's also the place to get up-to-the-minute information on topics that affect your clients. Ask yourself: what's the most confusing aspect of buying a home for the real estate consumer? The answer is most likely financing the purchase. Credit scores and how they affect the mortgage rate, types of loan products, points, fees – whew! -- there's a lot to know about mortgages.


To serve your clients effectively you need to know about this stuff and keep abreast of changes in the mortgage industry. Thankfully, ActiveRain is not only popular with real estate agents and brokers but with finance professionals as well.


Whether you're an agent trying to figure out what the Fed's latest move means to your clients or a mortgage pro who needs input on how to build relationships with real estate agents, ActiveRain is the place to tap into a wealth of knowledge.

Trending blogs on Mortgage / Finance

 
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY March 5, 2015, 7:45 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close:  LOCK 7-15 Day Close: FLOAT With Caution 16-30 Day Close: FLOAT With Caution MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 3-5-15: 3.75% - Down 0.05 Point...
By Mike Young, FHA 203k Consultant 707-812-7668
(203kOnLine.com, covering California & most other states)
Comments 4
How can I close my renovation loan faster? What is it that takes a 203k or renovation loan so long to close escrow? The short answer is that everyone in the transactions is looking at the consultant, emailing and calling, distracting the driver so to speak. It is like a magician, lets take your e...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 16
“I Don’t Care What the Rate is Going to be, I Want OUT of My Current Mortgage Servicer”   This client was so upset with her mortgage servicing company (Ocwen), that she told me I just want out of my current mortgage to get away from them. They have been the loan servicers for 2 years.   Her loan...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 34
“Five Weeks for You to Get me a Mortgage”   A couple of months ago a Realtor referral partner referred a prospective buyer to me. We carried on a 5 minute conversation, got some basic information and I was asked how long before I could get a mortgage completed. I told him that based on the type o...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 20
As I stated Monday in the first blog of this two blog series on Mortgage Assumption Options, with more and more predictions of the interest rates rising later this year, it is important Borrowers are aware of the different features associated with the mortgage program they are applying for.  One...
By Doug Jones, Mortgage Broker - NMLS 286668
(Mortgage Magic)
Comments 0
Do you know if you are a Realtor or Loan Officer that the banks can and do discriminate against you for credit applications?  The Equal Credit Opportunity Act prohibits a creditor from refusing to grant credit because of your:   race or color national origin sex marital status religion age public...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 33
“It is Never Fun Telling Someone that They Can’t Afford their Dream House”     I met with clients to get them pre-qualified for a mortgage, not just any mortgage, but one that would purchase their dream home. Being a numbers guy, I will review the numbers and often the numbers beyond the numbers...
By Bill Kamboukos
(Strategic Mortgage)
Comments 1
For the self-employed borrower that does not receive a regular pay check stub, in recent years the only way to qualify for a home loan, has been to use full tax returns. However, with this new program, for someone who does not want to go that route, a new option is available.   Program Basics – ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 45
“Seniors Beware”I have had clients contact me, asking if they should get a reverse mortgage. They often talk about an ad they saw on TV, hosted by Robert Wagner, Fred Thompson or some other notable spokesperson. I have often wondered if they would get a reverse mortgage themselves. The stories ar...
By Mike Bjork
(American Pacific Mortgage)
Comments 1
http://MikesDailyMarketReport.com: Provides the mortgage interest rate trends and navigates through the current interest rates for home loans.  Mike Bjork provides this daily service by watching the interest rates in California by projecting his thoughts on the mortgage interest rates forecast.  ...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Stocks moved slightly forward today to provide the first gains of the week.  Pundits are looking to see that 240,000 new jobs were created in February and it might be close.  As the European Central Bank is set to begin buying bonds, we expect stocks there to advance.  That may have a positive re...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Mortgage backed securities (MBS) closed up 6 basis points today at 101.34 having remained just above support offered by the 100 day moving average.  There was little action in the bond pits today as traders await tomorrow's federal jobs report.  After recent setbacks, traders are hoping for a jol...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 1
 What is the sign of true professional? Guide them through the process - and give them right advice. Even if it means, the truth is something different than what they want! Do you do that? How often? Here is a great post from my friend, Joe Petrowsky  who works by referral - 100%! “It is Never Fu...
By Melvin List, Purchase Specialist
(American Mortgage Services)
Comments 1
FHA 203(k) Program   Our FHA 203(k) Renovation Program (FULL and STREAMLINE) allows for a qualified owner-occupied buyer to purchase or refinance a 1-4 family home in “As-Is” condition.  The program lends purchase money and repair money in one mortgage, allowing a buyer to close “As-Is”.  The rep...
By Melvin List, Purchase Specialist
(American Mortgage Services)
Comments 0
FHA 203(k) Program   Our FHA 203(k) Renovation Program (FULL and STREAMLINE) allows for a qualified owner-occupied buyer to purchase or refinance a 1-4 family home in “As-Is” condition.  The program lends purchase money and repair money in one mortgage, allowing a buyer to close “As-Is”.  The rep...
By Melvin List, Purchase Specialist
(American Mortgage Services)
Comments 0
FHA 203(k) Program   Our FHA 203(k) Renovation Program (FULL and STREAMLINE) allows for a qualified owner-occupied buyer to purchase or refinance a 1-4 family home in “As-Is” condition.  The program lends purchase money and repair money in one mortgage, allowing a buyer to close “As-Is”.  The rep...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Conventional 30 year Mortgage: 4% Credit score:740 LTV:80% Loan Amount:$200k APR: 4.29% FHA 30 year:3.875% Credit Score:680 LTV:96.5% loan amount:$200k APR:5.07% Conventional 15 year:3.375% Credit score:740 LTV:80% Loan Amount:$200k APR:3.42%   Rates are Subject to Change Call me today if you are...
By Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert
(Movement Mortgage)
Comments 0
Economic News in Review Greenville SC Here is last week’s Economic News in Review Greenville SC. Real estate was the big newsmaker last week, with existing and new home sales showing middling performance. While real estate was mixed, initial jobless claims took an unexpected bounce upward.Existin...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY March 4, 2015, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close:  FLOAT With Caution 7-15 Day Close: FLOAT With Caution 16-30 Day Close: FLOAT With Caution MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 2-26-15: 3.80% - ...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 22
With more and more predictions of the interest rates rising later this year, it is important Borrowers are aware of the different features associated with the mortgage program they are applying for.  One such feature Borrowers need to be aware of in a rising interest rate market is if the mortgag...