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 Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 7
All You Need to Know About FHA “Site Condos” Site Condos in Suffield, CT One of the most common inquiries I receive about FHA condo approvals is about “site condos”.  The primary reason for this is that FHA treats detached condominium projects that meet certain criteria differently than attached ...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 24
  Redfin published a report last month titled "What's Up with the Flipping Market?!" which shows Price Gains On Flipped Properties Are On The Rise the last couple of years.  The report shows "House flippers grossed more than ever in 2013, an average of $90,200 per home", a...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Retired Real Estate Broker, Maryland Blogger)
Comments 9
CFPB ruling to help heirs to avoid foreclosure   “The Consumer Financial Protection Bureau (CFPB) issued guidance Tuesday aimed at making it easier for surviving family members who have inherited a property due the death of a loved one to be added to the mortgage, allowing them to seek modificati...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 9
How Long Does it Take to Obtain an FHA Condo Approval? Although I receive this question almost on a daily basis, I haven’t taken the time to write it all down.  Scott Godzyk’s article How LONG will it take a home to SELL if it is listed today? inspired me to commit my response to writing. As with...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 7
“Denied Loan Brings Two Referrals”   I received a call from a loan officer at a local bank a couple of months ago, while driving home from my office. He told me these clients were good customers of the bank, but because of the bank’s restrictive lending policies, they couldn’t do the loan and wou...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 6
One of the few Mortgage Programs implemented during the Obama Administration which has had some success is the  Home Affordable Modification Program (HAMP).  The HAMP program was initially unveiled in 2009, and was set to expire at the end of last year, however, the Federal Housing Finance Agency...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 9
“Educating My Tenants to Become Homeowners”   I speak with every prospective tenant that is interested in renting from me. After reviewing credit and income, a conversation is a must. The conversation always ends up with a discussion on future home ownership, which will normally surprise most peo...
By Bill Ladewig, Your FHA Guru - Closing Home Homes Since 1970
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY July 10, 2014 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 7 Day Close Mortgage Interest Rate lock or Float Advice: FLOAT The price for 3.50% Mortgage Loans based on MBS is currently Down 0.24 point. Close Mortgage Interest Rate Lock or Float Ad...
By Sandra Paulow, REALTOR, Associate Broker, GRI, SFR
(Aspen Properties, Inc. )
Comments 0
    Buyers see lending requirements as an invasion of privacy, and it is!  I wrote a blog post a couple of weeks ago about lending issues and this is a follow up to that post.  I am convinced that many of the problems we run in to with lending is the overwhelming documentation that lenders requi...
By Steve Stinnett
(NoCo Home Store @ Resident Realty)
Comments 0
Home interest rates have begun to start up from all time lows, maybe a foretaste of things to come, or maybe just a temporary thing. However, there are things that every potential home buyer or refinancer should know about how mortgage interest rates are determined. A number of factors, including...
General Credit Course (3)Wednesday, July 23rd, 2014, 9 am - 12 pm Add a hard money lender to your group of professionals; Learn what your investor clients expect of you; Introduce hard money to your investor clients; Learn the power of leveraging hard money. Stand out from every other agent. Get...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 34
I read an article this past month in National Mortgage News titled "Underused VA Mortgage Program Makes Inroads" by Brian Collins.  The article contain a statistic I found interesting, it stated "Of the 16.4 million active duty service members and military veterans with mortgages, ...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Retired Real Estate Broker, Maryland Blogger)
Comments 3
Co-Signers on Defaulted FHA Loans Are Getting New Mortgages   “When reporting defaults and claims on government-insured single-family mortgages, the Federal Housing Administration identifies the primary borrower to a government database, but rarely provides the names of the co-borrowers.” – Mortg...
By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
Comments 14
To answer the question, I ALWAYS ask if a prospective buyer is eligible for VA financing.  Always.  I dispute the superficial reasons given for the dearth of new VA loans. In my experience, many home buyers with VA benefits are thwarted from using their VA benefits because: 1.  Sellers don't ...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 6
Is a Right of First Refusal Acceptable to FHA? In processing applications for FHA condominium project approvals, it is not uncommon to find legal documents that have a Right of First Refusal.  Often, I have been asked by Board members and property managers if this deed restriction is acceptable t...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Conventional 30 year Mortgage: 4.375% Credit score:740 LTV:80% Loan Amount:$200k APR: 4.69% FHA 30 year:4.25% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.87% Conventional 15 year:3.5% Credit score:740 LTV:80% Loan Amount:$200k APR:3.62%   Rates are Subject to Change Call me today if you ar...
By June Piper-Brandon, Piecing Dreams One Home at a Time
(Century 21 New Millenium)
Comments 1
Losing a loved one is always a difficult time, emotionally and financially.  Finally, the Consumer Financial Protection Bureau has issued a sensible ruling to help those left behind who have inherited real estate.  From what I read this new ruling gives heirs the option to be added to the mortgag...
By Lou Ludwig, CRB, CRS, CIPS, GRI, SRES, TRC, e-PRO
(Ludwig & Associates)
Comments 2
  Following the Golden Rule “If you live the Golden Rule everything else in life will usually work itself out, but if you don’t your life probably will be unhappy and without meaning.” Mac Anderson, Founder of Simple Truth, Author, Motivational Speaker   As I see it. . . . . . . .   Following the...
By Ellen Dittman, #1 Stop for NE FLA-JAX/OP 904.535.1199 (TEXT OK) r
(Watson Realty Corp.)
Comments 0
   In our daily work occasionally we encounter some new obstacle to a successful and timely transaction. Today was my day to learn something new.   The buyer is not due to retire for several months. The lender informed me that the buyer cannot close outside a window of no more than 60 days from o...
By Bill Ladewig, Your FHA Guru - Closing Home Homes Since 1970
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY July 9, 2014 7:45 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 7 Day Close Mortgage Interest Rate lock or Float Advice: FLOAT The price for 3.50% Mortgage Loans based on MBS is currently Up 0.21 point. Close Mortgage Interest Rate Lock or Float Advic...