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 Bill Ladewig, Experience Is Your Advantage
Comments 1
MORTGAGE INTEREST RATE LOCK ADVISORY May 22 2015, 7:30 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-7 Day Close: LOCK 8-14 Day Close: LOCK 15-30 Day Close: LOCK MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 5-21-15: 3.84% - Down 0.01 Point Rate Price Based on 3% MBS - C...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 24
A recent study by ID Analytics titled "Millennials: High Risk or Untapped Opportunity?" gives a mixed review on How Credit Worthy Are Millennials.  This is important because the way millennials are perceived and their credit worthiness is very important to their ability to qualify for a mortgage ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 11
  “Getting Tired of the Classes, Why Would I Market to Only One Age Group?” So much I read these days talks about Marketing to seniors or millennials or whoever, I’m not going to do it. I am in the mortgage business no matter if a reverse mortgage or a mortgage for a first time home buyer. Can yo...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 16
  “Client Wants a Divorce”  Divorce that is from the Realtor I referred to them a number of months ago. I know the Realtor has put in a bunch of work and now to be told they want to work with someone else. It just doesn’t seem fair. There is an agreement in place and the Realtor isn’t willing to ...
By Jennifer Provencio, The Reverse Mortgage Speciailist
(Open Mortgage, LLC)
Comments 4
This week I received a call from a very frustrated woman who was trying to help her elderly sister and brother-in-law understand the reverse mortgage that is currently on their home. Irene, the woman who called, was at her wits end. She has been working with her sister, the estate planning attorn...
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 15
Can I Switch Mortgage Lenders if an Appraisal is already done?       In a word, YES.  You can.  In an explanation, like so many things in the mortgage world, it's a gray area.  Some lenders won't accept them at all.  Others will require a borrower use a certain loan product if they want to use an...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 9
The Lender Almost Killed the Sale. I don't pretend to know all about insurance premiums and neither should the lender. The Lender Almost Killed the Sale. What a wonderful situation it is to have a really qualified buyer that has been so conscientious that he has saved a hefty downpayment and paid...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 11
No Pooled Insurance Without a Master AssociationThis may be one of those cases where FHA makes internal changes to its guidelines for condominium project approval and doesn’t tell anyone, which sometimes happens.  We who submit condominiums for FHA project approval often don’t learn about such in...
By Bruce Reichstein, VA & FHA Home Loan Expert +26 yrs
(Founder of VALoans.com, FHALoan.com)
Comments 2
A reader asks, "I closed an FHA loan on 02/18/15 and was charged a rate of 1.689% for Mortgage Insurance Premium. The rates were reduced in January-15. Was I charged an incorrect rate?"This is a common question for some borrowers because their loans happened during a period of time where the chan...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 5
Buyers wasting our time! Does it happen often?I am just little concerned about this agent who is 'over-committed' to the buyers.As I re-blog one more post about time wasting buyers, here's the first one of the day from my dear friend Joe Petrowsky .     “Five Pre-Qualifications Last Year and Anot...
By Jim Paulson, Owner,Broker
(Progressive Realty (Boise Idaho) www.Progressive-Realty.info)
Comments 4
I am seeing an uptick in the use of Adjustable Rate and Hybrid Mortages and for good reason. Too many people used Adjustable Rate Mortgages in the past to leverage their purchasing power to buy more home than they could afford hoping their financial and property values would improve faster than t...
By Jeff Jensen
Comments 1
Despite bond yields sliding somewhat downward both here and in Europe, MBS bonds struggle to remain above support.  The national average price of regular gasoline was $2.73 which is 91 cents cheaper than if was a year ago and 26 cents more than it was one month ago.  2015 looks to have about 9% m...
By Jeff Jensen
Comments 0
Mortgage backed securities (MBS) closed down 22 basis points today at 104.00 having fallen back toward support offered at the 200 day moving average prior to remaining just 7 basis points above it.  The conforming 30 year fixed was at 3.875 today while the 30 year jumbo was at 3.625%.  Traders wi...
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 Bruce Reichstein, VA & FHA Home Loan Expert +26 yrs
(Founder of VALoans.com, FHALoan.com)
Comments 11
A reader asks, “I was told when I separated from the US Air Force that I was eligible for a VA funding fee refund because I am a 90% disabled vet. Is that true and if so where do I start to get the refund?” The answer to this particular question depends on where the veteran is with two processes–...
By Bruce Reichstein, VA & FHA Home Loan Expert +26 yrs
(Founder of VALoans.com, FHALoan.com)
Comments 3
A reader got in touch with us recently about an incident connected to her VA home loan. “I have received two letters regarding IRRRL refinance program, saying the inclusion of my loan into the program was part of the ‘economic stimulus program.’ I called and was told my new mortgage payment would...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY May 21, 2015, 7:30 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-7 Day Close: LOCK 8-14 Day Close: LOCK 15-30 Day Close: LOCK MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 5-21-15: 3.84% - Down 0.01 Point Rate Price Based on 3% MBS - ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 19
  “Five Pre-Qualifications Last Year and Another today” I certainly don’t mind doing a pre-qualification for my clients, but 4 of the 5 offers last year didn’t even get them to the starting line. I give this Realtor credit for hanging in there with these clients. With this mortgage they told me t...
Home buyers are often drawn to the FHA mortgage program due to the low interest rates, low closing costs and generally attractive loan terms. However, there will come a time when many who have an FHA mortgage want to refinance. After all, refinancing a mortgage may allow you to tap into your home...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 10
Who is going to define the real estate market a decade from now?Of course, Millennial!Can they buy the home they like?Or as Joe Petrowsky shares in this re-blog, there will be a major impact on their buying, thanks to Student Loans. “A TransUnion Study on the Effect of Student Loans”     The stud...