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 Tom Gilliam, Tom Gilliam
(Re/Max Classic)
Comments 26
To Pay or Not to Pay : Among the first things people ask when shopping for a mortgage loan is: What’s the interest rate? The answer is often a percentage rate with points—for example, 4.5% plus 2 points. Here’s what those points are all about. A loan discount point is equal to 1% of the loan amou...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 21
“80% of Lenders will NOT Consider Doing Non-QM Loans”   I have carried on many conversations with lenders, banks, credit unions and mortgage companies about Non-QM loans. Many say they will never do these kinds of loans, for a number of reasons, which is great for me. They are offering the right ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 30
“Quoted in RisMedia, thanks to Suzanne De Vita”      http://blog.rismedia.com/2014/mortgage-strategies/ Married to Your Mortgage? Strategies to Pay It Off Sooner | RISMedia's Housecall Every homeowner has mortgage payments on the brain. Whether it’s a 15- or 30-year term, standard, fully amor...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 10
Market Conditions In Connecticut - A Loan Originator's View.  This month Dick Greenberg presents an interesting challenge "The Real Estate Market - A Challenge", for those of us who are not Realtors/Agents and do not have access to data on the MLS.  For us our opinion of what market...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 39
“Know What You are Good At”   I referred a client recently to a bank for a construction loan, a 2.5 million dollar construction loan. Could we have done it, maybe. We currently have one construction lender that we started using, but most lenders have been out of this part of the market.   I have ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 44
“The Tattoos Kept Distracting Me”   I was doing a mortgage application the other day, the gal sitting across from me was ONE BIG Tattoo. I kept getting distracted, as my mind was immediately attempting to figure out what some of the tattoos were. I was truly struggling and had to stop.   I apolog...
By Jimmy Van Smith, Mortgage Loan Consultant
Comments 2
If you are buying a home in Texas, get a "Conditional Qualification" (Form A). It's not called a prequalification anymore. If you want more detail about the form read my latest blog about the differences between Form A and B:   http://activerain.trulia.com/blogsview/4457939/making-a...
By Jimmy Van Smith, Mortgage Loan Consultant
Comments 1
What's the difference between an approval and qualification to buy a home? This is a hot topic in the mortgage industry in North Texas. With low inventory and multiple offer scenarios, before an offer is accepted, a solid buyer is desired. I believe that vocabulary and knowing what work the l...
By Whitney Watson
(First Home Mortgage)
Comments 6
I’ve previously written about First Home Mortgage’s FHA renovation loan product, the 203k: Found a Diamond in the Rough? Finance Your Home Purchase and Renovation Costs in an FHA 203k Loan 203k: Timeline and Troubleshooting While this is a great product, if you are able to come up with a 5% down ...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 3
With no economic reporting today stock traders reacted Lowe's lowered earnings forecast and Target reduced profit expectations.  This set stocks off to a slow start.  What traders were really waiting to see, however, was the minutes of today's Fed Open Market Meeting.  When they reported ...
By Nancy Moeller
(Seven Gables Real Estate)
Comments 0
 The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year.According to a recent article in Kiplin...
By Steve Reed, Steve Reed Branch Manager | Benchmark Home Loans
(Benchmark Home Loans)
Comments 0
U.S. Federal Reserve Chair Janet Yellen spoke this morning from Jackson Hole, WY. She said the U.S. is getting closer to the Fed objectives, but it is still hard to gauge the labor market slack. With a rise in involuntary part time workers, unemployment numbers could be more cyclical. While econo...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY August 22, 2014, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 7 Day Close Mortgage Interest Rate lock or Float Advice: NUETRAL The price for 3.50% Mortgage Loans based on MBS is currently up 0.11 point. 30 Day Close Mortgage Interest Rate Lock o...
By Whitney Watson
(First Home Mortgage)
Comments 6
If you are looking for an FHA approved condo in Chesterfield or Midlothian Virginia, there are some great options out there.  Just like I mentioned in my blog post regarding FHA approved condos in Richmond Virginia, you will want to start with looking at the list of FHA approved condos in Chester...
By Phil Donnellan, Your Trusted Long Island Agent
(Regional Real Estate)
Comments 1
Mortgage professionals needed for Loan Modification Agency! Call Phil at 917-751-5886
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 77
“10 Years After Being Fired”   Life is often strange with many twists and turns. 10 Years ago a Realtor notified me by email that even though I had done a preapproval for a client, that the client was going somewhere else for the mortgage.   I told her that is fine, but will need to follow up wit...
By ActiveRain University
(ActiveRain University)
Comments 1
In this webinar, I am joined by Deric Barnett and David Ricci of Prime Lending, the fourth largest retail lender in the country.  Deric and David have some great information at the start of the webinar about the challenges facing the next generation of home buyers, Gen Y and Millenials. If you ar...
By Mark Taylor Mortgages, 602-361-0707 #MarkTaylor #Awesomerates NMLS#207897
(and for 1st Time Buyers, Move Up Buyers & Investors )
Comments 0
Mortgage Modification Scam Alert!       As if homeowners who are facing foreclosure don’t have enough to worry about, a multitude of loan modification scam artists have invaded the internet, public files and even foreclosure notices in newspapers in hopes of targeting their next victim. By identi...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 68
One of the misconceptions Homeowners as well as even some Real Estate Professionals have is that if a Homeowner goes through bankruptcy, the mortgage is discharged along with all the Homeowner's other debts.  The reason why Homeowners who have gone through bankruptcy a believe this, is becaus...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 18
Joan Cox wrote a blog yesterday titled "When Listing A Home Is Not The Best Choice".   Her blog made me think of the number of Borrowers I meet with who are selling their home, and are surprised to find out the full difference between the Selling Price, and what they still owe on the ho...