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 Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley,, MD & VA Homes and Real Estate)
Comments 41
The The Consumer Finance Protection Bureau (CFPB)  finally got to the point of interferring with the real estate transaction to a point where buyers, sellers and agents will be so confused they will simply ignore many requirements. Why would a loan officer take on the task of pre-qualifying a pro...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 32
Back on February of this year I wrote a blog on the New Good Faith Estimate (GFE) which the The Consumer Finance Protection Bureau (CFPB) will be implementing on August 15, 2015.  As I stated in my previous blog, I have never liked the present GFE, it is three page long, but is less transparent t...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 24
“But, I Was Prequalified for a Mortgage”   Of course you were, but no one will be able to get you the mortgage that you need to purchase the home you want to buy.   Anyone that knows what they are doing in the mortgage business will always get upset with fellow loan officers that will give out a ...
By Eileen Burns, Real Estate Broker Ft Lauderdale/Miami/PalmBeach
(Trans State Commercial RE Ft. Lauderdale/Miami/Palm Beach)
Comments 8
Corrine may be new to the Active Rain community but not new to the world of financing.  Her over view of hard money loans versus soft money loans in today's marketplace is invaluable.  These days, I get at least one customer a day asking me for  "soft money loan".  It's like the buzzword for 2014...
Find a knowledgeable mortgage banker and make application. Bring your banker the following documents: 2 years of W2's, last 2 pay stubs last 2 bank statements all accounts tax returns personal and business bankruptcy papers - if applicable divorce decree and settlement agreement - if applicable D...
By Axis Financial Consultants
(Axis Finance)
Comments 72
We are providing all types financial services ;Offering loans, equity funding, joint venture,business finance, project finance, bank instruments like mtn, bg, lc, sblc, pof. We are in direct contact with top European banks and private lenders. There are no chains of brokers.We also collaborate wi...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 28
“I’m Ready to Get Pre-Approved, Again”   What happen to the instructions I gave you 18 months ago?     1)Stay current on your car payment and your credit card. 2)Keep your credit card payment below 50% of your credit limit. 3)Arrange for a store credit card and pay off the balance each month. 4)S...
By Sarah Oswald, Broker, Realtor, CDPE, CIAS, SFR , Investor
(Eastvale Team Realty & Property Mgmt)
Comments 6
Breaking News of the Day - Fannie Mae Changes on the Horizon   Great news...Mr. Scott. Read all about off the press.     FHA has just implemented two new changes as of August 16th 2014 for borrowers who closed a shortsale in the past.   I am not a lender nor a loan officer, but I heard i...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 24
“The For Sale by Owner Transactions, Always a Challenge”   I received a call a few weeks ago from someone that was interested in selling her home to the current tenant. She wanted to know if I could get a mortgage done for the tenant. I told her I would be happy to speak to her tenant, even thoug...
By Tom Priester, Paradise Sharks Real Estate
(Paradise Sharks Real Estate)
Comments 0
We once again close in on sub 4% moneyIt has been quite a while since we brought you an update on interest rates. Frankly, there just hadn't been any news to bring you. On April 13th the average overnight rate on a conforming 30 year fixed loan sat at 4.26%. A week ago it sat at 4.28%. There were...
By Michael Dagner, Your Denver Homes Realty Expert
(Brokers Guild Classic)
Comments 0
Here's some outstanding advice for any home buyer financing a loan.  Whether you're buying a house for the first time, or you've done this many times before, these "commandments" will keep you from sabotaging your loan during that process.   This post was written by fellow AR associate, Gerry Sua...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 6
FHA’s “6-Month Window” for Condo Recertification This week I received a call from a property manager who was concerned that the 6-month window for recertification with FHA was quickly approaching.  The condominium’s FHA approval expired on 3/21/14 and the manager and association were concerned th...
By Tony Marra, Tony Marra
(Bay to Bay Lending, LLC)
Comments 0
Bay to Bay Lending has access to a great loan program for first time buyers - FHA is not their only option. Withi this conventional product the required 5% down payment can be gifted.  With the right combination of seller paid costs and our lender rebates most of the buyers costs are covered.   9...
By Gerry Suarez Jr., Expert Home Loan Advisor
(Mortgage Financial Group, Inc.)
Comments 3
So you’ve spoken to your lender and got qualified. You’ve searched high and low with your buyer’s agent and finally found THE house. You submitted the strongest offer you could and just got word back- YOUR OFFER HAS BEEN ACCEPTED! Congratulations, but the process isn’t over yet. Now we have to w...
By Mike Jones, Mike Jones NMLS 223495
(SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) )
Comments 5
There's a BIG change in USDA underwriting that will become effective May 1, 2014.  It will reduce the Qualifying Purchase Price by as much as 75%.  Here's how that works: As of that date, borrowers with FICO mid-scores below 680 must meet 29/41 Ratio requirements.  Tightening the ratio requiremen...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 11
CFPB Wins, FHA Changing Daily Interest Payment Procedure.  Back in June of last year I posted a blog titled "The CFPB & FHA Are At Odds With Each Other Again", about a long time controversial FHA practice.  I expected the Consumer Finance Protection Bureau (CFPB)  to win the battle when I wrote m...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY August 29, 2014, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 7 Day Close Mortgage Interest Rate lock or Float Advice: LOCK This morning, MBS are still trading at the top of their long term trading channel and today would be a good day to lock l...
By Scott Fenner
(AmeriFirst Financial)
Comments 0
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 2
Stocks suffered today as Russia once again staged and invasion of neighboring Ukraine.  Apparently thousand of heavily armed troops crossed into the country with border guards in full flight.  This bad news helped MBS bonds which otherwise would have had a bad day due to a poor Treasury auction. ...
By Mike Bjork
(American Pacific Mortgage)
Comments 0 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.  ...