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 John Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Total Mortgage Services, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 69
Here a Rush, There a Rush, Everywhere a Rush, Rush          Volume is up.  That means turntimes are up.  Along with stress levels.  Deadlines are approaching everywhere.  The only thing that typically doesn't go up when volume goes up is levels of customer service.  And I don't care if the BBB an...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 25
                                                                    “Return the Favor”There is a bankruptcy attorney that sends me at least one client a month. Most of the time, these clients have already been through the bankruptcy process. Some own homes others do not, but all are sent to me be...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 23
                                                         “VA and FHA Streamline Loans”   Doing a VA or FHA streamline loan is a no brainer 90 percent of the time. No appraisals are needed and no income or job history is required.. I’m not kidding. Closing costs are minimal; often a credit from th...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 54
“Beer Budget and Champagne Taste”   Brenda wanted to own a nice three bedroom ranch, but her budget was $150,000. In the area she wanted to live $150,000 wouldn’t give her what she wanted for her family.   Her Realtor called me regarding doing an FHA 203 K loan as the bank that did her pre-quali...
By Maggie O'Connell, Experienced Reverse Mortgage Professional
(The Federal Savings Bank, Reverse Mortgages)
Comments 0
Reno - Sparks Adult Communities See Buyers Utilizing Reverse Mortgages to 'Buy Up' Links to Active Adult Senior Housing Communities in Reno - Sparks & Northern Nevada (below) When buyers search for the home of their dreams.... it's most likely above their price range.  That's when the Home Equity...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 11
The eyes are the “windows of the soul”. Here is what we have gleaned from sitting in on numerous photo shoots with some of the top portrait professionals, and what you can observe from looking at movie posters when the stars are featured as part of the advertising.  The eyes are the “windows of t...
By MICHAEL IUCULANO, ABSOLUTELY THE FASTEST HARD MONEY LENDING THERE IS
(HANSON CAPITAL GROUP#1115218 #FASTCLOSINGS #STRAIGHTFORWARD)
Comments 3
Fix and Flip Loans – How to Profit You see it everywhere now. Reality television shows are even getting into it. Famous celebrities, coverage on USA Today and CNN, fixing and flipping is the big thing now that the real estate market is turning around. Real estate investors, who are encouraged to ...
By Sarah & Les Oswald, Broker, Realtor, SFR, PMC and Investor
(Eastvale Team Realty & Property Mgmt)
Comments 2
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 Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 22
Condo Unit Financing Almost Killed Due to Reserve Contribution Last week a loan officer friend of mine contacted me regarding a loan he had in  process.  At the 11th hour, the lender was rejecting the conventional (Fannie Mae) loan based on the association’s contribution to the reserve account.  ...
Illinois, Wisconsin, Minnesota and Florida FHA Identity of Interest Transaction (family member to family member purchase) There's not a lot of information on this topic, so today I thought I would discuss what it is and what it means to you. Not too long ago, purchasing a home from a family membe...
By David Leonard
(Inlanta Mortgage)
Comments 0
View Current Illinois FHA Loan Limits   For Forward mortgages with case numbers assigned on or after January 1, 2013 through December 31, 2013: The FHA Floor and Ceiling loan limits will remain the same as those that were in effect from January 1, 2012 through September 30, 2012, as announced in...
By David Leonard
(Inlanta Mortgage)
Comments 0
Illinois FHA Loans: 5 Things to Know Before You Obtain OneThe Federal Housing Authority had been insuring home mortgages for many years with very few changes to the program. Today, it seems FHA guidelines change monthly. FHA loans have increased from 5% of the mortgage market to more than 35% of...
Illinois first time home buyers returning to FHA loans: Chicago, Streamwood, Mount Prospect, Glenview and Vernon Hills FHA mortgages are becoming popular again in Illinois! It's an institution that has been around for a long time, since June 27, 1934. The Department of Housing & Urban Development...
By David Leonard
(Inlanta Mortgage)
Comments 0
So far in the series "How to Get a VA Home Loan" we have explained who is eligible for the loan, how to get a certificate of eligibility and the VA funding fee.  Today's article will offer suggestions on choosing a mortgage loan officer. Veterans have numerous options for choosing a mortgage len...
By David Leonard
(Inlanta Mortgage)
Comments 0
Qualify for an Illinois Mortgage Refinance: Conventional, FHA and VA including Chicago Find out if now is the right time to refinance your Illinois mortgage! You may be able to reduce your monthly payments or reduce the life of your loan...by getting a lower interest rate or a new loan term. You ...
By David Leonard
(Inlanta Mortgage)
Comments 0
The Freddie Mac Relief Refinance Mortgage - Open Access supports the federal Making Home Affordable Program by helping borrowers who are making timely mortgage payments but have been unable to refinance due to declining property values. With this offering, you can now refinance, even if we're no...
Reverse Mortgage - Is It The Same as a Home Equity Loan? (Part 3) Many senior citizens are wavering back and forth between home equity loans and reverse mortgages. Each loan has merit and should be considered according to each person's needs and goals. This article will explain some of the main ...
By David Leonard
(Inlanta Mortgage)
Comments 2
With the recent turmoil in the mortgage world, people have lots of questions about refinancing.  There are times when borrowers need to consider paying money at the closing in order to complete the refinance.  Can this be a good deal for the borrower?  Let's consider a couple of situations and s...
By David Leonard
(Inlanta Mortgage)
Comments 0
I thought everyone may appreciate a nice summary of upcoming changes to the FHA Condo Approval process.  Please note that after February 1st all case numbers pulled for condominiums must be approved by FHA.  FHA Revises Condo Approval Process (ML 2009-46 A&B)Notable Dates: Case numbers assigned ...
By David Leonard
(Inlanta Mortgage)
Comments 2
Reverse Mortgage - The Essential Information (Part 1) In the troubled times currently facing the American economy, many people are looking for ways to cut expenses and increase their income.  One method being used by senior citizens is the reverse mortgage.  This unique type of home loan allows ...