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 46
“Blogging Your Story, So Others Get to Know You”     Referrals are the lifeblood of my mortgage practice. I never take them for granted. This week I have gotten two referrals from Realtors I have never met or heard of before.   In each case I got a call directly from the clients.  I always ask w...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 30
“NO, I Can’t Pay You a Referral Fee”   You may or may not know that referral fees cannot be paid in the mortgage industry. Personally I don’t agree with the policy, but that’s the regulation.   I got a call from a former loan officer, asking if I would consider paying  him a referral fee for ever...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 12
Next Monday January 26, 2015 FHA will experience a historical event in the history of FHA.  For only the second time since the inception of FHA the FHA Monthly Insurance Premium (MIP) will be reduced.  But before we give credit to the Obama Administration for the FHA MIP Being Reduced For Only 2n...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 15
“I Don’t Care How a Referral Comes My Way”     I got a call this morning from a someone who said he was referred to Right Trac, but wasn’t given a particular person to speak to. I asked who referred her? She told me she was waiting for her car to be serviced and just happened to start talking ab...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 12
Private mortgage insurance premiums are higher for people with lower credit scores.  FHA mortgage insurance premiums are the same for all FHA borrowers regardless of their credit score.  The Urban Institute recently posted a blog that indicates that the break-even credit score with a 95% LTV has ...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 3
There is a streamlined FHA refinance program in place through FHA, which would facilitate a less expensive refinance of an existing FHA mortgage loan. Please visit the original blog if you wish to leave comments. Private mortgage insurance premiums are higher for people with lower credit scores. ...
By Lynn B. Friedman, Timesaving Strategies for Atlanta Sellers & Buyers
(Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- Concierge Service)
Comments 4
Dear Readers - George Souto from Connecticut shares excellent advice with all of us and does so very often!  Going to his Blog and reading will be a great benefit to any professional.   The Mortgage Originator cannot process what he or she hasn't received. Give this post to your prospective Buyer...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 58
“Sometimes I Just Don’t Get the Math”     I got a referral from a financial planner a couple of weeks ago. His clients wanted to take $200,000 out of their retirement account so that they could pay cash for the property that they wanted to purchase.     During my conversation with the client, th...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY January 23, 2015, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close:  FLOAT - NEUTRAL 7-15 Day Close: NEUTRAL 16-30 Day Close: FLOAT MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on 01-22-15: 3.63% - Down 0.03% Rates Based o...
By Mike Tizzano, Protect Your Transaction Certified Lender
(Amerifirst Financial, Inc NMLS 145368 LO:1015837)
Comments 1
Next Monday January 26th is the day! FHA MI will be reduced, drastically.  This is great news for first time home buyers or those that are coming back from credit events but have yet to meet the seasoning requirements for conventional loans. For those that already have FHA loans in process there ...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
S & P futures began the day marginally higher in the wake of yesterday's large advance for stocks in U.S. markets.  Brazil reported today that its economy had lost 550,000 jobs in December.  As odd as it seems, when the Euro falls and the dollar rises stocks normally suffer.  That is exactly what...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
  HUD(the govt) just announced that they are lowering the FHA annual mortgage insurance to .85%.  This is lowering the monthly MI from 1.35% to .85%, that is a savings of .5%.  On a $200k loan amount this is a monthly savings of $86!  This was just announced so I will update you with all the spec...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 9
You may have missed the announcement as I am not sure there was one.  I am subscribed to CFPB announcements and emails and did not receive any notice of this rule change.  Two days ago (Tuesday, 01.20.2015) the Consumer Finance Protection Bureau ("CFPB") finalized two minor changes to the TILA-RE...
By Shanna Day Mega Team Leader (AZ & UT), BUY or SELL Your Home FAST w/The Shanna Day Team!
(SUPER BOWL 2015 -Keller Williams Realty EV (AZ) & Keller Williams SLC (UT))
Comments 0
Is The Economy Really Improving? Adam Wain, our Preferred Lender, recently raised a great and interesting point which we are just as eager to share with you folks and hear your thoughts, too:   Rates are GREAT! The fact of the matter is that the markets are influenced by the ongoing slide in oil ...
By Nick and Cindy Davis, CRS,CIAS,ALHS,e-PRO,CDPE,SFR,Realtor(R), Team Davi
(RE/MAX Premier Group)
Comments 5
  Fixed-rate mortgages continue their free fall, with the 30-year fixed rate mortgage averaging 3.63 percent this week and the 15-year fixed-rate mortgage staying below 3 percent, Freddie Mac reports. The 30-year fixed-rate mortgage is at its lowest level since the week ending May 23, 2013, when ...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Mortgage backed securities (MBS) closed up 28 basis points today at 102.72 having risen almost up to resistance offered at 102.86 prior to settling with a decent gain.  MBS bonds benefited from a sell of in stocks today as they rose to near another refinancing opportunity for mortgages here.  We ...
By William Piotrowski
Comments 0
      What's one of the biggest financial advantages to owning a home? The equity you build up while paying down your mortgage. You can use your home's equity for a variety of uses: You can pay down high-interest-rate credit-card debt, fund a large home-improvement project or help pay for your ch...
By William Piotrowski
Comments 0
  You pay your rent on time each month. You never miss an insurance payment. You’ve never once paid your cell phone bill late. Your credit score should be high, right? Not necessarily. Not all bill payments are reported to the three national credit bureaus. And this means that even if you make a...
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 Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 30
“I Just Don’t Like Dealing with a Smart Rat”   When I get a call from someone that starts asking “What are the lowest credit scores someone can have in order to get a mortgage?” I already know this is someone that has been making the rounds. When I hear this question, I immediately asked; how ma...