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 January 26, 2015, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close:  FLOAT - NEUTRAL 7-15 Day Close: NEUTRAL 16-30 Day Close: FLOAT MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on 01-22-15: 3.63% - Down 0.03% Rates Based o...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 71
“Blogging Your Story, So Others Get to Know You”     Referrals are the lifeblood of my mortgage practice. I never take them for granted. This week I have gotten two referrals from Realtors I have never met or heard of before.   In each case I got a call directly from the clients.  I always ask w...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 35
“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 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 0
With the changes in lending that have occurred recently there are some lenders out there who are farming their contacts encouraging people to buy homes and get the minimal down payments necessary by withdrawing money from their retirement accounts under the "hardship allowance" some retirement pl...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 12
One of the more recent Consumer Financial Protection Bureau (CFPB) proposals, is to give consumers the ability to publicly post on the CFPB website their complaint against anyone who falls under the oversight of the CFPB.  The consumer would be able to post and make their complaint public no matt...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 39
“NO, I Can’t Pay You a Referral Fee”   You may or may not know that referral fees cannot be paid in the mortgage industry. Personally I don’t agree with the policy, but that’s the regulation.   I got a call from a former loan officer, asking if I would consider paying  him a referral fee for ever...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 12
    “Making Sure You Set the Expectations for Your Clients”   Anyone that contacts you does so for a reason and has an expectation. In all my interactions with potential clients, we have a discussion about their expectations on me. We agree to what those expectations are and that is what they can...
By Olga St Pierre, Helping you create a lifetime of memories!
(Keller Williams Real Estate)
Comments 1
This week’s mortgage interest rates:Conv 30y fixed, rate: 3.625%, apr 3.663% Conv 10y ARM, rate: 3.375%, apr 3.389% Conv 15y fixed, rate: 2.875%, apr 2.992% Jumbo 30y fixed, rate: 3.625%, apr 3.663% Jumbo 5/1 ARM, rate: 2.750%, apr 2.790% FHA 30y fixed, rate 3.250%, apr 4.338% VA 30y fixed, rate ...
By Mike Bjork
(American Pacific Mortgage)
Comments 1
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 Ron & Alexandra Seigel, Luxury Real Estate Marketing
(ra@napaconsultants.com)
Comments 122
Here is what we have gleaned from sitting in on numerous photo shoots with some of the top portrait professionals, and what you can observe from looking at movie posters when the stars are featured as part of the advertising.  The eyes are the “windows of the soul”.  Notice that Angelina Jolie’s...
By Randy Kirsch, (NMLS# 1012303) Your Dedicated Mortgage Consultant
(Right Trac Financial Group, Inc., NMLS# 2709)
Comments 4
Nationally syndicated real estate news columnist Ken Harney has released an article that appeared in The Hartford (CT) Courant on Friday (01.23.2015), entitled "Consumer Agency's 'Rate Checker' Gets An Incomplete Grade".  Harney is the latest in a line of mortgage industry leaders, associations a...
By Jack Tenold, Reverse Mortgage Specialist Washington | Oregon | California - refinance & purchase, Reverse Mortgage Specialist
(First Priority Financial NMLS 3257 )
Comments 1
California Seniors Reverse Mortgage Changes Coming Fast   March 2, 2015 is the scheduled date for major changes* to the Reverse Mortgage guidelines.  Retirees, baby boomers and homeowners who have been delaying getting informed about this special home loan (for which you must be 62 to qualify) wo...
By Russell Smith
(River Community Bank, NA)
Comments 0
USDA has a little known, special refinance product called the USDA Pilot Refinance Program which is for borrowers that currently have a USDA guaranteed loan and are looking to lower their rate and payment through a refinance even with equity not required. This USDA program allows for a borrower t...
By Bob Elliot
(RE/MAX Advisors)
Comments 0
Last week's economic reports included the National Association of Home Builders Wells Fargo Housing Market Index, Housing Starts for December and the FHFA Home Price Index report for November. The National Association of Realtors® also released its Existing Home Sales report for December. Freddie...
By Russell Smith
(River Community Bank, NA)
Comments 0
The Federal Housing Administration or FHA, has announced the loan size limits for 2015 for all areas of each state in the U.S. Most areas stayed the same but there are some changes so make sure that you check these limits when considering an FHA loan. The limits for most counties in NC are the fo...
By Russell Smith
(River Community Bank, NA)
Comments 0
For first time home buyers, we offer three Fannie Mae programs with a LTV up to 97% for credit worthy borrowers for certain principal residence transactions. One little known low down payment option we offer is the MyCommunityMortgage or MCM. MyCommunityMortgage (MCM) is an option for purchase tr...
By Russell Smith
(River Community Bank, NA)
Comments 0
Providing the most helpful tips for buyers, realtors, homeowners, and the public in general is the main purpose of our blogs. They are written about real world mortgage loan scenarios and we hope that these blogs provide education to our readers. The following are the most popular of our blogs th...
By Russell Smith
(River Community Bank, NA)
Comments 0
Have you lost your DD-214?  Is your DD-214 hard to read?  There is a website for veterans to gain access to their DD-214 discharge papers online.  Providing a DD-214 is a requirement of a VA home loan.  The National Personnel Records Center (NPRC) provides this ability to request the DD-214. Requ...
As I always say, nowadays everyone is a number so you might as well have a high one! Tips for getting that elusive perfect credit score: If there is one thing that we go over most in a day is educating borrowers about how credit scoring works. A lot of people have no idea what their credit looks ...
By Russell Smith
(River Community Bank, NA)
Comments 2
Jumbo mortgage loans over recent years have been more conservative but we have some low down payment solutions for today’s luxury home buyer. The improvement in the US economy has really helped increase the number of sales of the higher priced luxury homes. For single family primary residences (1...