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 Karen Schimpf
(Commercial Capital Ltd.)
Comments 4
This borrower had 5 condos in a condo community, what is called a fractured condo. In other words, he did not own all the condo’s in the complex-just a hodgepodge of them. We did a blanket loan on the 5 condo’s and got a huge assortment of debts refinanced freeing up his balance sheet and improv...
By Paul Antonelli, Broker Owner ; Antonelli Realty
Comments 1
If you enjoyed reading the post please give it a LIKE, every little bit helps. Thank You. Ocwen Loan Servicing or Ocwen Financial Corporation as it's known as, intends to sell the mortgage servicing rights on a portfolio of performing residential loans owned by Freddie Mac with a total principal ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 26
“Looking for New Business and Forgetting About Past Clients and Referral Partners”   I admit it, I have to keep reminding myself. This has happened before, so when it happened yesterday, it was a good reminder.   One of my referral partners is an insurance agent, he and I have sent business back ...
By Steve Vondran, Real Estate Lawyer
(The Law Offices of Steven C. Vondran, P.C.)
Comments 20
Hi again, this post provides general legal information that every real estate broker and agent in the United States should be aware of.  I will be discussing the recent UNANIMOUS United States Supreme Court decision in the case of Jesinoski v. Countrywide Home Loans  If you are the kind of person...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 41
“Seniors Beware”I have had clients contact me, asking if they should get a reverse mortgage. They often talk about an ad they saw on TV, hosted by Robert Wagner, Fred Thompson or some other notable spokesperson. I have often wondered if they would get a reverse mortgage themselves. The stories ar...
By Fred Griffin, Licensed Florida Real Estate Broker
(Frederick Griffin, Licensed Real Estate Broker)
Comments 5
     Wow!  Attorney (and Licensed Real Estate Broker) Steve Vondran gives an amazing discussion regarding, "What happens when a Borrower rescinds their mortgage loan under Federal Truth in Lending Act ('TILA')?"        Lawyer Steve makes the case that:      "When someone rescinds or cancels their...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 29
A Mortgage Pre-Approval Process is a process a Borrower goes through in order to determine the price home they will be able to qualify to purchase.  Once a Borrower has gone through this process with a qualified Mortgage Loan Originator, the Loan Originator will provide them with a letter which ...
By Nicole Doty - Gilbert Real Estate Expert, Broker/Owner of Zion Realty
(Zion Realty)
Comments 2
  This post should have a thousand comments on it by now. It is a little long but packed full of great information that I think every agent should be aware of if you weren't already. I think this ruling regarding the Truth In Lending Act has huge future implications if homeowners are allowed to s...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 38
    “Yes, it Closed, In Spite of the Arrest”     Many have asked me to let you know what happened with this transaction. I’ve included the original post. The commercial transaction closed, the loa...
By Bridget McGee, Maryland Mortgage Mama NMLS#196068
(Corridor Mortgage Group 410-960-2061)
Comments 3
Who Should I Refer My Maryland Buyers To For Mortgage Financing? Just got your Real Estate License and need someone to partner with? Have a favorite client or family member moving to Maryland and want to help them find the right lender? Your long time lender is getting out of this crazy business ...
By Jeanne Dufort, Madison and Lake Oconee GA
(Coldwell Banker Lake Country)
Comments 2
Smart buyers in the Madison and Lake Oconee Georgia market understand that having a strong pre-approval letter from a local lender known to understand local properties can give them an edge when competing for the best properties. Will sellers with no other offers take a pre-qual - maybe. Why not ...
By Lynn B. Friedman, Timesaving Strategies for Atlanta Sellers & Buyers
(Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- Concierge Service)
Comments 7
Dear Readers -   GEORGE SOUTO from Middletown, CT teaches us with every post he wries about Mortgages. His local event posts are interesting as well.   Agents ask prospective Clients if they have their "Mortgage Letter" and then the prospective Client asks, "What is that?" Here George offers a CO...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 17
“The Short Sale Decision”   It seems like the majority of people that own a home that may be worth less than the debt often feel there is no hope. Many want to get out from under and purchase another home, sometimes larger, other times smaller. Yet others had a short sale over the last few years...
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 9
FHA Mortgage Guide Updates - Deferment & Interest     With FHA loans seeing a resurgence in the marketplace thanks to the recently reduced mortgage insurance premiums, it's once again important to keep up to date on the program changes, which happen pretty often as the program changes with the ma...
By JoAnn Moore, Home Loans in Delaware
(The Mortgage Market of Delaware)
Comments 3
Home Loans for Veterans If you are a Veteran with a mortgage at an interest rate of 4.5% or more, this information may be of great benefit to you. You may be able to obtain a streamlined refinance loan to pay off your current loan without an appraisal. The loan to value ratio is based on the orig...
By Marge Draper, REALTOR, Keller Williams Realty, Menlo Park CA
(Keller Williams Realty Palo Alto)
Comments 6
The "Do's and Don's" During a Home Loan Closing! Or the many ways you can mess up during the escrow period and how you can avoid messing up! I'm re-blogging the following by Barbara Mooers, Washington State Home Loans/Pierce County because all of her 'do's and don'ts' are relevant to the mid-Peni...
By Gay E. Rosen, Honest, Hardworking and always Professional!
(Julia B. Fee Sotheby's International Realty)
Comments 3
          As a member of RE Vamp (a real estate networking group that meets once a month, and is currently being considered for Continuing Education credits by NYSAR), it has been an enjoyable experience. Our saying is “where you can dine and opine” and we do just that. We meet at the Westchester...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 52
The biggest delay today in processing a mortgage is collecting all of the documentation required before the loan can be approved.  So once a Borrower starts the Homebuying Process they should begin to put together all the documents that will be required when they go to apply for a Mortgage.  When...
By Nick and Cindy Davis, CRS,CIAS,ALHS,e-PRO,CDPE,SFR,Realtor(R)
(RE/MAX Premier Group)
Comments 0
Sweet and Low: Why Aren’t More Buyers Putting Down 3%?   Where you put down roots says a lot about you. Suburb vs. city; condo vs. single-family house—these are all decisions that home buyers tackle, and what they decide speaks to who they are. Also telling is how much they can afford to put down...
By yanni raz
(hml investments)
Comments 2
Private Lending: Stated Income Mortgage Loans The Federal Government recently announced that it plans to taper off its purchasing of mortgages on the secondary market. This decision has left those in the mortgage business very concerned on how this will effect mortgage rates. Following the subpri...