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 26
“Hired, Fired and Re-Hired within Two Hours”   A real estate agent has been talking to me about a client of his that wants to buy a second home in Florida and wanted me to put together a pre-qualification letter without the information I needed to get it accomplished.   I requested that he have t...
By Bill Ladewig, Experience Is Your Advantage
Comments 1
MORTGAGE INTEREST RATE LOCK ADVISORY November 28, 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 Friday is expected to be a quiet day with most traders enjoying a four day weekend. A nice decline in interest rat...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 7
The Federal Housing Finance Agency (FHFA) announced  this past Monday, November 24th that  Fannie Mae & Freddie Mac Loan Limits Will Remain The Same for 2015.  There were reports last year FHFA was going to reduce the maximum conforming loan limits for Fannie Mae and Freddie Mac.  FHFA received ...
By Kate Ford, Ask Kate a mortgage question...
(Get-Your-Best-Mortgage-Rate.com)
Comments 0
For mortgage borrowers, affordability should be the main emphasis during the loan process. After all, the homeowner is the one who is ultimately responsible for timely payments until the mortgage is paid in full. But many times, anxiety builds while borrowers are waiting for a loan decision. Then...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Little happened in a holiday shortened session for U.S. equity markets today.  When trading closed at 1 PM all three major indices were almost exactly where they had begun the day.  OPEC decided at its recent meeting not to curtail production of oil.  As a result, crude oil pricing fell by nearly...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 1
Mortgage backed securities (MBS) closed up 38 basis points today at 104.31 having risen all the way up to touch resistance at the 104.34 level before falling just short at the closed.  The day's activity left at pattern known as a Bullish Flag on the Japanese candlestick chart.  As a result, I am...
By RVA HomePRO Michael Hottman, Helping you achieve goals in life & real estate
(RVA HomePRO Realtor with RE/MAX Commonwealth serving Hanover, Henrico, Chesterfiled and Richmond, Virginia)
Comments 4
I used to be one of those birds, yup, the ones that are already freezing their tail feathers off waiting for the big deal at your local big box retailer. But I typically wasn't shopping for myself, I was shopping for others - sometimes I knew the person, sometimes I didn't. One year I went black ...
By Troy Erickson, Your Chandler, Ahwatukee, and East Valley Realtor
(Diverse Solutions Realty www.ChandlerRealEstate.weebly.com)
Comments 23
David has shared some excellent advice for anyone who is considering buying a home and needing financing for their purchase. These three pieces of advice can not only prevent new homeowners from financial hardship, but could also save them thousands of dollars in interest over the years.  When yo...
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 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 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 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 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 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 Olga St Pierre, Helping you create a lifetime of memories!
(Keller Williams Real Estate)
Comments 2
Check out this week's mortgage interest rates! Conv 30y fixed, 3.875% - 0 pts Conv 10y ARM, 3.500% - 0 pts Conv 15y fixed, 3.000% - 0.25 ptsJumbo 30y fixed, 3.875% - 0 pts Jumbo 5/1 ARM, 2.875% - gives lender credit FHA 30y fixed, 3.500% - gives lender credit VA 30y fixed, 3.375% - 0 pts Please c...
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 ...