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 Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 5
All You Need to Know About FHA “Site Condos” Site Condos in Suffield, CT One of the most common inquiries I receive about FHA condo approvals is about “site condos”.  The primary reason for this is that FHA treats detached condominium projects that meet certain criteria differently than attached ...
General Credit Course (3)Wednesday, July 23rd, 2014, 9 am - 12 pm Add a hard money lender to your group of professionals; Learn what your investor clients expect of you; Introduce hard money to your investor clients; Learn the power of leveraging hard money. Stand out from every other agent. Get...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Retired Real Estate Broker, Maryland Blogger)
Comments 7
CFPB ruling to help heirs to avoid foreclosure   “The Consumer Financial Protection Bureau (CFPB) issued guidance Tuesday aimed at making it easier for surviving family members who have inherited a property due the death of a loved one to be added to the mortgage, allowing them to seek modificati...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 34
I read an article this past month in National Mortgage News titled "Underused VA Mortgage Program Makes Inroads" by Brian Collins.  The article contain a statistic I found interesting, it stated "Of the 16.4 million active duty service members and military veterans with mortgages, ...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Retired Real Estate Broker, Maryland Blogger)
Comments 3
Co-Signers on Defaulted FHA Loans Are Getting New Mortgages   “When reporting defaults and claims on government-insured single-family mortgages, the Federal Housing Administration identifies the primary borrower to a government database, but rarely provides the names of the co-borrowers.” – Mortg...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 21
  Redfin published a report last month titled "What's Up with the Flipping Market?!" which shows Price Gains On Flipped Properties Are On The Rise the last couple of years.  The report shows "House flippers grossed more than ever in 2013, an average of $90,200 per home", a...
By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
Comments 14
To answer the question, I ALWAYS ask if a prospective buyer is eligible for VA financing.  Always.  I dispute the superficial reasons given for the dearth of new VA loans. In my experience, many home buyers with VA benefits are thwarted from using their VA benefits because: 1.  Sellers don't ...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 6
Is a Right of First Refusal Acceptable to FHA? In processing applications for FHA condominium project approvals, it is not uncommon to find legal documents that have a Right of First Refusal.  Often, I have been asked by Board members and property managers if this deed restriction is acceptable t...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Conventional 30 year Mortgage: 4.375% Credit score:740 LTV:80% Loan Amount:$200k APR: 4.69% FHA 30 year:4.25% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.87% Conventional 15 year:3.5% Credit score:740 LTV:80% Loan Amount:$200k APR:3.62%   Rates are Subject to Change Call me today if you ar...
By June Piper-Brandon, Piecing Dreams One Home at a Time
(Century 21 New Millenium)
Comments 1
Losing a loved one is always a difficult time, emotionally and financially.  Finally, the Consumer Financial Protection Bureau has issued a sensible ruling to help those left behind who have inherited real estate.  From what I read this new ruling gives heirs the option to be added to the mortgag...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
“Educating My Tenants to Become Homeowners”   I speak with every prospective tenant that is interested in renting from me. After reviewing credit and income, a conversation is a must. The conversation always ends up with a discussion on future home ownership, which will normally surprise most peo...
By Ellen Dittman, #1 Stop for NE FLA-JAX/OP 904.535.1199 (TEXT OK) r
(Watson Realty Corp.)
Comments 0
   In our daily work occasionally we encounter some new obstacle to a successful and timely transaction. Today was my day to learn something new.   The buyer is not due to retire for several months. The lender informed me that the buyer cannot close outside a window of no more than 60 days from o...
By Bill Ladewig, Your FHA Guru - Closing Home Homes Since 1970
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY July 9, 2014 7:45 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 7 Day Close Mortgage Interest Rate lock or Float Advice: FLOAT The price for 3.50% Mortgage Loans based on MBS is currently Up 0.21 point. Close Mortgage Interest Rate Lock or Float Advic...
By Lou Ludwig, CRB, CRS, CIPS, GRI, SRES, TRC, e-PRO
(Ludwig & Associates)
Comments 2
  Following the Golden Rule “If you live the Golden Rule everything else in life will usually work itself out, but if you don’t your life probably will be unhappy and without meaning.” Mac Anderson, Founder of Simple Truth, Author, Motivational Speaker   As I see it. . . . . . . .   Following the...
By Brett Sampson, Texas Lender
(Berkshire Lending, LLC)
Comments 0
I wanted to take a moment to highlight a new investment loan product we have. It’s designed specifically for the purchase or refinance of non-owner occupied investment properties that cannot meet Fannie or Freddie guidelines. Highlights… * 30 yr fixed rate.* Unlimited cash out on cash out refi.* ...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Mortgage backed securities (MBS) closed up 6 basis points today at 102.38 having been able to remain above support offered by the 25 and 50 day moving averages.  MBS bonds had been trading on the down side until the Fed issued the results of its Open Market Committed meeting today.  The view was ...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 1
Stocks began the day with small gains as Alcoa's earnings were 50% higher than expected.  After the FED issued its minutes from their June FOMC meeting , however, the gains were extended and many of the losses earlier in the week were swallowed up.  The Fed said that as long as the short term...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 25
“I’ve Been Working with a Credit Repair Company for One Year”   When I hear this kind of statement it drives me crazy and worse yet, I have been paying them $300 per month.   I asked what his credit scores were and what are they now. The mid score was 565 and now it is 581. I asked if he was advi...
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 Criss-Cross Financial Group, www.iLoveCFG.com
(Criss-Cross Financial Group)
Comments 0
Service Marketing Company Actively Seeking Relationship with Licensed Mortgage Broker Company in the State of North Carolina.