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 16
  “Many Lenders Turn Away FHA 203K Business” Yes, we do them all the time. Sure they are more work but we don’t mind one bit. There are basically two versions of 203 K renovation loans. One is for is for renovations under $35,000 (the streamline version) and one that is called a full 203K which i...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 32
  “Bad News” When do you share bad news with a client?  1)      Immediately2)      First thing in the morning3)      At the end of the day4)      The last possible moment I have heard every imaginable answer to this question and there are two answers that will always work for me. It is either imm...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 12
Interest Rates have been slightly increasing over the last month, but the latest Interest Rate Market predictions, or as I like to call it The On Again Off Again Interest Rate Guessing Game, is that interest rates will not increase again until September.  The latest Rate Interest Market predictio...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 8
Can We Not Send that Document to FHA?We are currently processing a 2-year FHA recertification for a small 6-unit condominium.  It was approved with FHA in June of 2013 so it should be a piece of cake, right?  Well, maybe not…Our contact with the association hired us after reading a few of our blo...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.89% 2.29% 2 YEARS 2.84% 2.19% 3 YEARS 3.39% 2.34% 4 YEARS 3.89% 2.54% 5 YEARS 4.64% 2.59% 7 YEARS 5.30% 3.39% 10 YEARS 6.10% 3.84% Rates are subject to change without notice. OAC E&OE Prime Rate 2.85% 5 yr variable 2.20%
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Call me if you require a referral to a commercial mortgage broker   Commercial Bond Yields   CMB         GoC         Floating Rate Insured Cost of Funds 5 Year - 1.31% Canada Housing 06/15/20 [-0.04]       5 Year - 0.91% CAN 3.50 03/01/20 [-0.04]       1.01%  [-]                       5 Year - 1...
By Home Loans For All, Finding The Right Lender Has Never Been Easier
(Home Loans For All)
Comments 0
Refinancing Overtakes Home Purchase Loans With today’s mortgage rates dropping so low,refinance loans are smoking hot. In April, refinances accounted for nearly half of all loans closed by U.S. lenders, grabbing a 47% market share give or take. This is somewhat down from the last three months dur...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 33
The Consumer Finance Protection Bureau (CFPB) has finally announced the date of when the much awaited New Good Faith Estimate (GFE) will go into effect.  After designing and redesigning as well as testing the new GFE for over two years the CFPB has finally determined the new GFE will go into effe...
By JoAnn Moore, Home Loans in Delaware
(The Mortgage Market of Delaware)
Comments 8
Home Loans for Veterans If you are a Veteran with a mortgage at an interest rate of 4.5% or more, this information may be of great benefit to you. You may be able to obtain a streamlined refinance loan to pay off your current loan without an appraisal. The loan to value ratio is based on the orig...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY May 29 2015, 7:30 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-7 Day Close: LOCK on Any Price Improvement 8-14 Day Close: LOCK 15-30 Day Close: LOCK MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 5-28-15: 3.87% - Up 0.03 Point Rate Pr...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 20
“My Pre-Qualifications will Usually Not have a Dollar Amount”  A received a handful of pre-qualification letters today and was asked twice “why there is no dollar amount on the letter?” I get asked the question about 20% of the time, so let me share why. I do not qualify my clients based on their...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 17
VA Approved Condo List & Approval Process.  Monday was Memorial Day, a day set aside to honor our fallen military men and women.  As much as we need to honor and remember those who have given their life to preserve the freedoms we all enjoy in this great country, it is equally important to honor...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 23
  “Leads off My Website”  All of my blogging drives a lot of folks to my website. There are a number of places that will allow someone to fill out a very brief form. I’m not looking for any detailed information but require a name, phone or email.  As soon as I receive their inquiry, I respond by ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 26
  “They Forgot to Ask for My Social Security Number” I wonder how many folks actually fall for this crap, MR.HASSAN TRAIRATVORAKUL? THIS IS TO ACKNOWLEDGE THE RECEIPTS OF YOUR E-MAIL RESPONSE CONCERNING YOUR FUNDS SWIFT ALERT NOTIFICATION WE SENT TO YOU. BE INFORMED THAT OUR BANK SWIFT REMITTANCE...
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 28
Can I Switch Mortgage Lenders if an Appraisal is already done?       In a word, YES.  You can.  In an explanation, like so many things in the mortgage world, it's a gray area.  Some lenders won't accept them at all.  Others will require a borrower use a certain loan product if they want to use an...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 21
                                                 “They Listened and Did what was Necessary”It will have taken about 8 months, but Amy is now ready to be a homeowner. There are many Amy’s out there and once they are given the right advice they can stop paying rent. In this case it was wasting near...
By Jeff Jensen
Comments 0
News that the first quarter actually produced a setback for the U.S. economy caused a minor sell off in stocks today as bond yields fell well below recent highs.  MBS bonds trended higher offering hope for home buyers and refinance candidates alike.  Although stocks are just below record highs, t...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 10
“Continuing to Build My Business Facebook Page”I am kind of late when it comes to building my Right Trac Facebook presence. But guess what? it is starting to payoff. These days I get two or more mortgage inquiries a week.I took a snapshot of the activity from last week. Can you assist me to “LIKE...
By Jeff Jensen
Comments 0
Mortgage backed securities (MBS) closed up 9 basis points today at 104.44 once again having remained above support offered by the 25 day moving average.  After a long slide downward, MBS bonds appear to be on a mission to re-take resistance offered at the 104.68 level just 24 basis points above t...
By Sharon Sigman, Sharon Sigman
(RE/MAX )
Comments 0
Price is only one cost related to buying a home. Unless you are paying all cash for your home, you'll need a mortgage loan. Rates are going up, and the terms of your mortgage loan will impact how much your home costs on a monthly basis as well as how much you pay in interest over the life of the ...