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 31
“Two Homes, Connected and We want to Refinance”     This couple bought two single family homes that were attached by a common wall in 2006. There were however two separate lots, but when they originally purchased, they did a first and second mortgage and did 100% financing and the mortgages secur...
By John Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Total Mortgage Services, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 34
Mortgage Pros - Protect Your Pipeline             Referrals.  They're the key to building a business.  Repeat clients, referrals from past clients, and referrals from referral partners should be your foundation and primary focus in marketing if you plan to work in the mortgage business for any le...
By Janis Borgueta, LIC R.E Salesperson - Homes for Sale Newburgh NY
(Key Properties of the Hudson Valley ~ 845-527-7115 )
Comments 46
Amazing Stories - House Appraises BUT Still Loan Denied Questionable value being blamed, but is it true?  As the listing agent on a condo I love it when a ready, willing and able buyer comes along, even with another agent. A showing on the property and a buyer falls in love! A little romance in l...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 28
                                                                “What’s Your Rate?”   As crazy as it seems, I seldom get that question during an initial conversation. The conversation usually is based around someone getting preapproved for a mortgage. Most likely the person was referred by someon...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 41
“Who Else do You Know that Needs My Help”   No matter who I talk too, I ask this question. No matter it be someone that just got referred to me, someone I am doing a mortgage application for or someone who I set up an appointment with. You just never know the response you may get, you just might ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 24
    “Long Distance Mortgage Applications”     I am fortunate that I get clients from most states and even out of the country. Many ask how difficult it is to do mortgages without being face to face, the bottom line, there is almost no difference.   My preference is always to be face to face, but ...
By Kevin Kueneke, San Diego Mortgage Banker
(Samuel Scott Financial Group San Diego)
Comments 2
San Diego CA - During a typical 30-day escrow period in San Diego, there is ample opportunity for a potential home buyer to unwittingly sabotage his or her deal.  Remember that lenders are approving a home loan based on a snapshot of the buyer's qualifications and until the keys are in the buyer'...
By Nick and Cindy Davis, CRS,CIAS,ALHS,e-PRO,CDPE,SFR,Realtor(R)
(RE/MAX Premier Group)
Comments 1
  New programs that back mortgages with down payments as low as 3 percent are “just as safe” as a loan with a 10 percent down payment, Melvin Watt, director of the Federal Housing Finance Agency, assured lawmakers Tuesday.  http://bit.ly/FHA-Defends-Lower-Down-Payments  
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 17
97% Financing - Fannie Mae Releases Selling Guide 1.27.15 Fannie Mae released its updated version of the Selling Guide on January 27, 2015.  The majority of the changes stem from its earlier announcement to reintroduce 97% financing for single-family homes.  It had previously capped the loan-to-v...
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
When asked what it costs to sell a house it isn't fair to give an answer because there is so much more involved. than just calculating the commission. In fact it is doing a disservice to declare a rate without having first going through the package of services being offered but only after viewing...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 22
“Refinancing to Make Other Investments”     I get real uncomfortable when someone tells me they want to refinance to make investments. So many people have taken all the equity out of their home, made investments and the investments didn’t do well or were lost all together.   I had done a mortgag...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 41
“Weltanschauung”   Last year was the first time I did a blog on this topic and the more I continue to participate with Activerain, the more I understand the meaning. The creation of Activerain was definitely focused on a world view when it comes to the real estate and mortgage industries. This c...
By yanni raz
(hml investments)
Comments 0
Residential Hard Money Lender As we are talking about the residential hard money lender, its important to note that there are many different types of lenders out there with different goals. There are fewer hard money lenders that deal with residential type properties. Some hard money lenders are ...
By Lisa Delzompo, Experienced, Trusted, & On Your Mission: Home
(PRW Lending, Inc)
Comments 1
There are 6 top factors or drivers that move interest rates: * Economic data -- Interest rates go UP when non-farm payrolls are higher than expected, unemployment rate goes down, or with better than expected economic data in general; rates go DOWN when jobs data is stagnant or declines, manufact...
By Robert Rauf
(HomeBridge Financial Services (NJ))
Comments 0
  Fulfilling the DREAM of home ownership, It’s not just a transaction. I never forget the joy we bring to every new Family when we close a loan.         Have a great weekRob Robert Rauf Mortgage Loan Originator NMLS ID# 248937 http://www.homebridge.com/RobertRauf or my blog: http://activerain.com...
By Jessica Wallace, Santa Cruz Realtor (831) 419-9345
(Coldwell Banker - Santa Cruz)
Comments 0
THE COST OF WAITING TO BUY A HOME  If you have been paying attention this January you will have noticed that interest rates hit their lowest levels since May of 2013.  If you are thinking of buying a home this is something that you really need to pay attention to.  Just a slight rise in interest ...
By Ginger Harper, Your Southport~Oak Island Agent!
(Coldwell Banker Sea Coast Advantage)
Comments 3
This is true.  When folks are putting a substantial amount of money down...the bank does not care where the appraisal comes in. Amazing Stories - House Appraises BUT Still Loan Denied Questionable value being blamed, but is it true?  As the listing agent on a condo I love it when a ready, willing...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 1
Mortgage backed securities (MBS) closed up a whopping 50 basis points today at 103.50 having broken through resistance at the 103.40 level and having risen to within 3 basis points of the high of May 10, 2013.  MBS bonds find themselves in truly rare air.  Today's large sell off in stocks pushed ...
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 Mike Tizzano, Protect Your Transaction Certified Lender
(Amerifirst Financial, Inc NMLS 145368 LO:1015837)
Comments 0
With the new FHA MIP rates becoming effective this week here is a look a back at where FHA MIP rates have been historically: Effective Date Downpayment Upfront MIP Annual MIP Prior to 7/14/2008   1.50% 0.50% 7/14/2008 2.25% 0.55%   > 5% 1.25%-2.25%* .50%-.55%* 4/5/2010 2.25% 0.55%   > 5% 2.25% 0....