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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 26
“Converting Clients from One Loan to Another to Save Big Money”  These clients were referred by someone that I had done a FHA streamline mortgage for. During that process I saved their friend just over $200 per month, not bad with no out of pocket money and these folks wanted to accomplish the sa...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 22
“The Value of an Outstanding Lender Account Rep”  You can’t be in the mortgage or real estate business and not understand how challenging getting loans closed can be. We are so fortunate to work with a number of lenders that have outstanding account reps, as they are often the reason a difficult ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 17
“Some Unrealistic Expectations”  One of my Realtor referral partners contacted me to discuss a potential home buyer. She told me that she was contacted by someone that wants for buy a home, but is totally unrealistic about how much home she can buy and has yet not been pre-qualified for a mortgag...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 24
I just read an article in Fortune Magazine which I found interesting and surprising.  The article was titled "These are the 10 happiest jobs in America For "middle-market" positions", and was based on a report from CareerBliss.  CareerBliss claims the 10 happiest "middle-market" Career In the Uni...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 17
These days property issues are as much of an issue in obtaining financing as issues with Borrowers.  One of the property issues which is very common in older homes here in Connecticut, especially multi-family properties, is asbestos.   Here in Middletown, CT we have several areas of town which ha...
By John Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Total Mortgage Services, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 2
Friday Market Wrap - 4/17/15       I know, it's not Friday.  In some parts of the country, it's actually Sunday, but since our rates don't change over the weekend we're still OK.  Rates had a good week, and though the markets saw some volatility, it was a relatively calm week.  Rates are still si...
By Sarah & Les Oswald, Broker, Realtor, SFR, PMC and Investor
(Eastvale Team Realty & Property Mgmt)
Comments 3
During a purchase or sale transaction, all team players must put 100+ percent of their ability and effort in order to see all parties reach the closing table. One team player...the lender is usually the one who holds it all together. He or she has the power within its little finger. I can't imagi...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 62
                                        “Lender Doesn’t Like the Appraisal They Ordered” Sometimes you just can’t win. I have not been an advocate of the current appraisal system. First there was HVCC that took away the living of many wonderful appraisers in this country. A system was created whe...
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Comments 0
Interest rates for buying a home on the Palos Verdes Peninsula remained steady this week..The following are excerpts from the newsletter on interest rates published by HSH Associates : "In an April valley between the market-moving monthly employment report (out on the first Friday of each month) ...
By Spirit Messingham, Third Generation Full-Time Realtor® 520 471-6900
(Tierra Antigua Realty)
Comments 0
Mortgage bond prices finished the week higher which pushed mortgage interest rates lower. Rates were positive the first portion of the week. Retail sales rose 0.9% versus the expected 1% increase which was rate friendly. The producer price index rose 0.2% as expected. The core, which excludes vol...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 2
A reconfiguration of China's stock pricing messed with U.S. stocks here today.  Just four minutes into the session the Dow was down 145 points.  Ten minutes later the Dow was down 250 points.  For the record, that is no way to start a trading session.  Chinese margin lending rules were tightened ...
By Bruce Reichstein, VA & FHA Home Loan Expert +26 yrs
(Founder of VALoans.com, FHALoan.com)
Comments 3
  VA loans are available to eligible current and former military members. The nature of the VA loan program is sometimes confusing to those outside the military--there is often misunderstanding about what is and isn't possible with a VA loan. For example, the rules governing situations where a m...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 40
“New One on Me”  I have been doing business with this Realtor for a number of years, not much business but when there were challenges or something someone else couldn’t do he would send that business my way. I wish I could say that I got each opportunity done, but I did with a good percentage.  H...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 13
USDA Purchase Loans for Condo UnitsProbably the most under-utilized purchase loans for condominium units are those insured by the USDA.  Like the VA and FHA, the USDA Rural Development (RD) program is a home loan insurance that allows the financing of condominium units.One of the most important c...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 21
“Shopping for a Mortgage” Prospective borrowers are being encouraged to shop around for mortgages before committing to any lender. Sometimes you just can’t make this stuff up. Brad indicated that he was referred by his Realtor and has been shopping around for a mortgage. I asked him how long he h...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY April 17, 2015, 8:00 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 MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 4-16-15: 3.67% - Up 0.01 Point Rate Price Ba...
By William Feela, Realtor, Whispering Pines Realty 651-674-5999 No.
(WHISPERING PINES REALTY)
Comments 5
Just a re-cap...Minnesota has a redemption period after a sheriffs sale.I got my client an offer, but found out that their redemption runs out before the closing date.Fannie Mae was no help as no one could be contacted.   Not one agent had ever heard of a date being pushed back.So, I found a bank...
By Mike Bjork
(American Pacific Mortgage)
Comments 0
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 Elite Team, Realtors/Career Consultants
(Keller Williams Realty Acadiana)
Comments 1
Another Source for a Down PaymentMost taxpayers know that they will pay a 10% penalty if they withdraw funds from their IRA before they turn 59.5 years old.  There is an exception for first-time home buyers that allows a penalty-free withdrawal of up to $10,000 per person if they haven’t owned a ...
By Elite Team, Realtors/Career Consultants
(Keller Williams Realty Acadiana)
Comments 0
      Fifteen Will Get You ThreeFreddie Mac chief economist, Frank Nothaft, says that affordability, stability and flexibility are the three reasons home buyers overwhelmingly choose a 30 year term.  However, for those who can afford a higher payment, there are three additional reasons to choose ...