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 20
“The Value of an Outstanding Lender Account Rep”  You can’t be in the mortgage or real estate business and not understand how challenging getting loans closed can be. We are so fortunate to work with a number of lenders that have outstanding account reps, as they are often the reason a difficult ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 23
“Converting Clients from One Loan to Another to Save Big Money”  These clients were referred by someone that I had done a FHA streamline mortgage for. During that process I saved their friend just over $200 per month, not bad with no out of pocket money and these folks wanted to accomplish the sa...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 62
                                        “Lender Doesn’t Like the Appraisal They Ordered” Sometimes you just can’t win. I have not been an advocate of the current appraisal system. First there was HVCC that took away the living of many wonderful appraisers in this country. A system was created whe...
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Comments 0
Interest rates for buying a home on the Palos Verdes Peninsula remained steady this week..The following are excerpts from the newsletter on interest rates published by HSH Associates : "In an April valley between the market-moving monthly employment report (out on the first Friday of each month) ...
By Spirit Messingham, Third Generation Full-Time Realtor® 520 471-6900
(Tierra Antigua Realty)
Comments 0
Mortgage bond prices finished the week higher which pushed mortgage interest rates lower. Rates were positive the first portion of the week. Retail sales rose 0.9% versus the expected 1% increase which was rate friendly. The producer price index rose 0.2% as expected. The core, which excludes vol...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 11
These days property issues are as much of an issue in obtaining financing as issues with Borrowers.  One of the property issues which is very common in older homes here in Connecticut, especially multi-family properties, is asbestos.   Here in Middletown, CT we have several areas of town which ha...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 2
A reconfiguration of China's stock pricing messed with U.S. stocks here today.  Just four minutes into the session the Dow was down 145 points.  Ten minutes later the Dow was down 250 points.  For the record, that is no way to start a trading session.  Chinese margin lending rules were tightened ...
By Bruce Reichstein, VA & FHA Home Loan Expert +26 yrs
(Founder of VALoans.com, FHALoan.com)
Comments 3
  VA loans are available to eligible current and former military members. The nature of the VA loan program is sometimes confusing to those outside the military--there is often misunderstanding about what is and isn't possible with a VA loan. For example, the rules governing situations where a m...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 40
“New One on Me”  I have been doing business with this Realtor for a number of years, not much business but when there were challenges or something someone else couldn’t do he would send that business my way. I wish I could say that I got each opportunity done, but I did with a good percentage.  H...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 13
USDA Purchase Loans for Condo UnitsProbably the most under-utilized purchase loans for condominium units are those insured by the USDA.  Like the VA and FHA, the USDA Rural Development (RD) program is a home loan insurance that allows the financing of condominium units.One of the most important c...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 21
“Shopping for a Mortgage” Prospective borrowers are being encouraged to shop around for mortgages before committing to any lender. Sometimes you just can’t make this stuff up. Brad indicated that he was referred by his Realtor and has been shopping around for a mortgage. I asked him how long he h...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY April 17, 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 MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 4-16-15: 3.67% - Up 0.01 Point Rate Price Ba...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 23
I just read an article in Fortune Magazine which I found interesting and surprising.  The article was titled "These are the 10 happiest jobs in America For "middle-market" positions", and was based on a report from CareerBliss.  CareerBliss claims the 10 happiest "middle-market" Career In the Uni...
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 William Feela, Realtor, Whispering Pines Realty 651-674-5999 No.
(WHISPERING PINES REALTY)
Comments 5
Just a re-cap...Minnesota has a redemption period after a sheriffs sale.I got my client an offer, but found out that their redemption runs out before the closing date.Fannie Mae was no help as no one could be contacted.   Not one agent had ever heard of a date being pushed back.So, I found a bank...
By Elite Team, Realtors/Career Consultants
(Keller Williams Realty Acadiana)
Comments 0
      Fifteen Will Get You ThreeFreddie Mac chief economist, Frank Nothaft, says that affordability, stability and flexibility are the three reasons home buyers overwhelmingly choose a 30 year term.  However, for those who can afford a higher payment, there are three additional reasons to choose ...
By Elite Team, Realtors/Career Consultants
(Keller Williams Realty Acadiana)
Comments 1
Another Source for a Down PaymentMost taxpayers know that they will pay a 10% penalty if they withdraw funds from their IRA before they turn 59.5 years old.  There is an exception for first-time home buyers that allows a penalty-free withdrawal of up to $10,000 per person if they haven’t owned a ...
By Elite Team, Realtors/Career Consultants
(Keller Williams Realty Acadiana)
Comments 0
   The Reason They're Called BenefitsThe Veterans Administration guarantees home loans for eligible veterans.  It is considered an attractive loan because the veteran can purchase the home with no down payment up to specific loan limits and no mortgage insurance. This makes the monthly payment co...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Mortgage backed securities (MBS) closed down 3 basis points today at 102.50 having remained above support offered at the 102.47 level just below.  One would have thought that with stocks hemorrhaging that MBS bonds would have a great day.  A slightly higher result from the consumer priced index a...
By Elite Team, Realtors/Career Consultants
(Keller Williams Realty Acadiana)
Comments 0
0% financing has induced car buyers into taking the plunge because it doesn’t cost anything to use someone else’s money.  While mortgage rates are not at zero, they’re close enough that many buyers are applying similar logic.Qualified mortgage interest is deductible on taxpayers' returns subject ...