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 David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Conventional 30 year Mortgage: 4% Credit score:740 LTV:80% Loan Amount:$200k APR: 4.29% FHA 30 year:3.875% Credit Score:680 LTV:96.5% loan amount:$200k APR:5.07% Conventional 15 year:3.375% Credit score:740 LTV:80% Loan Amount:$200k APR:3.42%   Rates are Subject to Change Call me today if you are...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY March 4, 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: 2-26-15: 3.80% - ...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 12
As I stated Monday in the first blog of this two blog series on Mortgage Assumption Options, with more and more predictions of the interest rates rising later this year, it is important Borrowers are aware of the different features associated with the mortgage program they are applying for.  One...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 22
“Five Weeks for You to Get me a Mortgage”   A couple of months ago a Realtor referral partner referred a prospective buyer to me. We carried on a 5 minute conversation, got some basic information and I was asked how long before I could get a mortgage completed. I told him that based on the type o...
By Dennis Dahlberg
(Level 4 Funding )
Comments 0
If you are trying to get an Arizona mortgage with bad credit, it is important that you know all of your options. There are several programs available to help Arizona borrowers obtain a home mortgage, even if they have bad credit.     If you have a credit score of less than 640, you are considere...
By Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert
(Movement Mortgage)
Comments 0
Economic News in Review Greenville SC Here is last week’s Economic News in Review Greenville SC. Real estate was the big newsmaker last week, with existing and new home sales showing middling performance. While real estate was mixed, initial jobless claims took an unexpected bounce upward.Existin...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 21
With more and more predictions of the interest rates rising later this year, it is important Borrowers are aware of the different features associated with the mortgage program they are applying for.  One such feature Borrowers need to be aware of in a rising interest rate market is if the mortgag...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 20
“It is Never Fun Telling Someone that They Can’t Afford their Dream House”     I met with clients to get them pre-qualified for a mortgage, not just any mortgage, but one that would purchase their dream home. Being a numbers guy, I will review the numbers and often the numbers beyond the numbers...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 32
A Mortgage Pre-Approval Process is a process a Borrower goes through in order to determine the price home they will be able to qualify to purchase.  Once a Borrower has gone through this process with a qualified Mortgage Loan Originator, the Loan Originator will provide them with a letter which ...
By Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you
(Lyon Real Estate)
Comments 6
I don't get out very much to mingle with other people unless I'm with my husband or my team members, so it was doubly nice for me to attend a birthday party last night at the Riverside Clubhouse in Land Park for an agent in my office who turned 80. She is such an inspiration to me -- to everybody...
By Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent
(Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional, 931-920-6730)
Comments 11
There is a big difference between those three type of letters. The Pre-qualification letter is the easiest one to get because it has the least amount of research involved and usually is based on a quick credit check and information given by the borrower. The other two are verified and have much m...
By Mike Bjork
(American Pacific Mortgage)
Comments 1
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 Nick and Cindy Davis, CRS,CIAS,ALHS,e-PRO,CDPE,SFR,Realtor(R)
(RE/MAX Premier Group)
Comments 0
Living from one paycheck to the next may be the norm for many people. But homebuyers need a better strategy. "If buying a home is your goal, then it needs to be your priority," says Tim Kirchner, formerly vice president of MetLife Bank in Irving, Texas. "Most people need to sacrifice a little and...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY March 3, 2015, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close:  LOCK 7-15 Day Close: FLOAT With Caution 16-30 Day Close: FLOAT With Caution MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 2-26-15: 3.80% - Up 0.04 Point ...
By Todd & Danielle Millar, A decade of excellence!
(Glenn Simon Inc.)
Comments 0
Alberta Oil Sands Investment Real Estate News® Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517 www.glennsimoninc.com   email: info@glennsimoninc.com     March 3, 2015 Volume 18, Issue 4   Dear Friends and Partners,   If you wan...
By Valorie L. Ford, Valorie Ford & Co, Charlottesville/Albemarle Real
(Keller Williams Realty)
Comments 1
A survey conducted by The Pew Charitable Trusts shows that half of Americans (49%) do not feel financially secure at this time. It took place from November 6th to December 3rd of last year and the actual number of respondents was 7,845. Many of the people surveyed stated that they spend all of t...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 44
“Seniors Beware”I have had clients contact me, asking if they should get a reverse mortgage. They often talk about an ad they saw on TV, hosted by Robert Wagner, Fred Thompson or some other notable spokesperson. I have often wondered if they would get a reverse mortgage themselves. The stories ar...
By Alan Gross
(PrimeLending, A PlainsCapital Company)
Comments 0
It's Coming - Are You Ready? The Consumer Financial Protection Bureau (CFPB) has changed mortgage disclosures used at real estate settlements. The new forms go into effect on August 1st. According to the CFPB "Mortgages are complex transactions that may include risky features. Consumers currently...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 12
When you work with buyers, these documents are very important - and have their own significance. They are different - and in this informative re-blog George Souto goes over the differences. A Mortgage Pre-Approval Process is a process a Borrower goes through in order to determine the price home t...
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 8
Dear Readers -   GEORGE SOUTO from Middletown, CT teaches us with every post he wries about Mortgages. His local event posts are interesting as well.   Agents ask prospective Clients if they have their "Mortgage Letter" and then the prospective Client asks, "What is that?" Here George offers a CO...