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 100
“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 Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY March 31, 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: 3-26-15: 3.69% -...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 2
  If you are looking for a FHA 203k mortgage in Texas, you have come to the right place.  The FHA 203k is a mortgage aimed at financing in the improvements to the property into your loan.   This is perfect for homes that otherwise would not get financed due to work that needs to be done.  Or poss...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 13
“Vacation and the Mortgage Business”   Not sure if it is dedication or stupidity. Gail and I have been away for a few days and have a few days more in Florida. We have had an amazing time. First we spent a couple of days at St. Pete Beach, then visiting friends in Sarasota and heading to visit o...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 9
  As you may already know, when getting a FHA mortgage you can have your Parent’s gift you your whole down payment.  But did you know that there are other ways to have you down payment gifted to you?  If not this is the article for you as I will go over the list of acceptable forms of gifted down...
By Hunter Paschall
(Consulting Group INC/ Short Sale Negotiation Company)
Comments 0
The Buying ProcessNow that you've decided to take the plunge, let's explore what you can expect from the home buying process itself. This is a chaotic time with offers and counter-offers flying furiously, but if you are prepared for the hassle (and the paperwork), you can get through the process ...
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 George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 26
  There have been a few changes to the USDA/Rural Mortgage Program since the last program guideline description I did two years ago, so the purpose of the blog is to provide an updated program description of the USDA/Rural Mortgage Program Guidelines. The three major changes to the USDA/Rural Mo...
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 11
Market on the Hump - 3/18/15          I've been slacking - sorry folks.  Haven't done a Monday forecast or Friday wrap up in a while, and I'll try to be better!    BUT        Here's something new - adding to the mix of what's been a pretty volatile market over the past year, I figured a mid-week ...
By Bill Kamboukos
(Strategic Mortgage)
Comments 0
During the peak of the mortgage boom and then bust of the mid 2000’s, second mortgages were very popular and widely available.                 Many homeowners looking to purchase a home with less than a twenty percent down payment, would take out a first and second mortgage when closing on the p...
By Kathy Hoare
(First Priority Financial)
Comments 4
Termite Reports Here in Sonoma County Conventional and FHA lending does not automatically require a pest report.  One major lender released policy change requiring pest report clearance it the report is included in the purchase contract.  This has been the case off and on, but this may indicate ...
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 70
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 Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY March 30, 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: 3-26-15: 3.69% -...
By Jay Beckingham, "I love first time homebuyers"
(Premier Nationwide Lending)
Comments 2
Did you know that Florida Housing offers a program entitled "Military Heroes?" Well they do, and guess what? the rate is lower than the rest of their programs Most Housing Authorities offer programs exclusively for first time home buyers, but when it comes to our Veterans, that condition is waive...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 35
                                                                    “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 17
       “Lenders that Offer Construction Loans”   We are often asked to supply a pre-qualification letter to lenders that offer construction loans, but they don’t offer the end loans. For us, that works just fine as we don’t offer any construction loans.   Shane was given a building lot by his gr...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 25
                                                         “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 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 Bob Elliot
(RE/MAX Advisors)
Comments 0
Last week's economic reports included reports on new and existing home sales and FHFA's monthly home price index for properties associated with Fannie Mae and Freddie Mac mortgages. The details: New Home Sales Surge, Existing Home Sales Drop   According to the Department of Commerce, new home sal...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 27
“Three Florida Mortgages Later and Now a Fourth”   “Thank you, you are always so happy and helpful. God knows you were my financial saving grace leaving Florida.” Lee   Lee and her husband are leaving Houston and moving back to Sarasota, FL. I have been working with her, some of her other family...