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 59
“I Always Ask, How Long Do You Plan on Keeping the Home You Want to Purchase?”   Very few prospective home buyers would ever think about anything but a 30 or 15 year fixed rate loan. But its not always the right answer for many that don’t plan on being in the home for more than 5 years.   The 30 ...
By Sam Marji
Comments 0
For the past 20 years mortgage rates have been falling and as a consequence, it has always been more advantageous to go with a variable rate mortgage. However, with rates at historic lows and expected to rise in the future the ground rules have changed. Mortgage debates are no longer focusing on ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 14
“Lenders that are Offering Loan Products for Borrowers with Less than Perfect Credit”   I am always asking my lenders that are offering loans for my clients that have less than perfect credit how these loans are doing. I always want to make sure that our judgment to get these loans done are made ...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 4
According to an article published on Bloomberg News  people who are moonlighting with second jobs to qualify for mortgage loans are being adversely impacted by the Ability to Repay ("ATR") rule adopted by the Consumer Finance Protection Bureau ("CFPB").  The ATR rule became effective this past Ja...
By Dan Moralez, Grand Rapids & Holland, Michigan Mortgage Lending
(Northpointe Bank - NMLS #709729)
Comments 1
In this blog post I wanted to share some information for my Realtor colleages to help them understand how they can help to expedite the mortgage process for their clients.  Working as a team with your lending partners helps us to work collectively for the mutual benefit of our clients.  I plan on...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 2
Stock futures were nearly flat today in anticipation of light trading as things slowed down for the long weekend ahead.  both spending and inflation were low in the most readings despite the decent numbers reported for the GDP this week.  U.S. markets managed just slight improvement.  The Dow clo...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY November 26, 2014, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close:  FLOAT 7-15 Day Close: FLOAT 16-30 Day Close: FLOAT Very interesting news mix Thanksgiving Eve. Personal Spending and Initial Jobless Claims are positive for Rates. D...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 38
“You are the ONLY One that Followed Up”   I want you to know that I’m very nervous about even thinking about a mortgage. I keep hearing it is like Chinese torture. I am a first time home buyer, I have good credit and make a decent income (same job for 6 years). Can you help me?   By the way, the ...
By Whitney Watson
(First Home Mortgage)
Comments 47
My three-year-old daughter has a coin purse her Pop gave to her complete with $2.50.  She calls this money her “tickets.”  One time I was driving on the expressway and my E-Zpass was not in my car as my husband had borrowed it.  I needed 75 cents and I had no cash.  It took some major convincing,...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 6
Tighter underwriting standards will become effective on March 2, 2015 for Home Equity Conversion Mortgages ("HECM") insured by the Federal Housing Administration ("FHA").  FHA made this announcement last week according to an article by Ken Harney in the Hartford (CT) Courant and various other new...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 16
“I’m Connected, that HAS Always been Part of My Value Proposition”   Good morning Joe, It will be three years since Dave and I refinanced our mortgage through you.  I have a general question.  In the spring we may try to sell our house and look to buy in North Carolina and I wondered if we could ...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 8
Condominiums Spent Budgeted Reserve Contributions Elsewhere In recent months while assisting condominiums to get certified and recertified with FHA, we are running into an issue that is a fairly simple one to avoid.  We make it a point to remind our clients to contribute at least 10% of the budge...
By FRANK LL0SA Esq.- Northern Virginia Broker .:. FranklyRealty.com
(Northern Virginia Homes - FRANKLY REAL ESTATE Inc)
Comments 0
I have a client from China looking to find a USCIS Regional Center for sale. Anybody know of a Regional Center that isn't active?   Also open to networking with people who have used EB-5 funds to fund multi family apartment communities, mixed use, or shopping centers.
By Jason E. Gordon, Residential Mortgage Specialist, CMPS, CDPE, CMHS
(AmeriFirst Financial Inc, San Diego, CA)
Comments 0
We have had a huge batch of economic data released today ahead of the Thanksgiving holiday, but so far the reports have had little impact on Mortgage Backed Securities. Durable Orders & Jobless Claims both came in higher than expected, while Personal Income, Chicago PMI, New Home Sales Index, and...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 31
“Video Marketing Works, I Am a Believer”   Kyle Reyes and I have done a few videos about the seminar that we did on November 6th. I have gotten a number of calls and emails, but this one is now translating into mortgage business for me. Check out this email. I am now working with one of the folks...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Mortgage backed securities (MBS) closed up 3 basis points today at 13.96 having remained above support offered at the 103.84 level.  With traders taking early exits for turkey tasting, fixed income and equity markets were pretty calm today.  The weekly numbers for initial jobless claims came in h...
By Nick Smith, Boise Idaho Real Estate, We Love Boise
(Silvercreek Realty Group)
Comments 1
Action Ending Boise, Idaho Mortgage Turndowns via Credit Report For anyone who has looked into to buying a Boise Idaho home several times—but kept getting discouraged every time because of a negative credit report—read on! You probably already know that you are not alone—but so what?—it’s small c...
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 0
People have the impulse to finish their mortgage payment at a faster pace than they need to. This is understandable, especially these days but it is really not necessary. This year has seen interest rates falling to near historic lows. Now it is possible to still afford paying the monthly even af...
By Steve Reed, Steve Reed Branch Manager | Benchmark Home Loans
(Benchmark Home Loans)
Comments 0
There was a cornucopia of economic data that hit the wires this morning that covered a broad base of the U.S. economy. The Commerce Department reported that New Home Sales in October rose by 0.7% from September to an annual rate of 458,000 units. September was revised lower to 455,000 from 467,00...
By Whitney Watson
(First Home Mortgage)
Comments 9
Buying your first home probably seemed complicated and overwhelming, but transitioning from your first home to your second home can be lot more difficult without the proper guidance. When you purchased your first home, you were renting a house or an apartment.  Even if you had a lease that had no...