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 67
“Beer Budget and Champagne Taste”   Brenda wanted to own a nice three bedroom ranch, but her budget was $150,000. In the area she wanted to live $150,000 wouldn’t give her what she wanted for her family.   Her Realtor called me regarding doing an FHA 203 K loan as the bank that did her pre-quali...
By Bill Ladewig, Experience Is Your Advantage
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY March 30, 2015, 8:00 AM PST  Click for Updated Lock Advice   LOCK ADVISORY 1-6 Day Close:  FLOAT With Caution 7-15 Day Close: FLOAT With Caution 16-30 Day Close: FLOAT With Caution MORTGAGE MARKET INDICATORS Freddie Mac Average:30-Yr FRM, on: 3-26-15: 3.69% -...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 34
                                                                    “Return the Favor”There is a bankruptcy attorney that sends me at least one client a month. Most of the time, these clients have already been through the bankruptcy process. Some own homes others do not, but all are sent to me be...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 1
  If you are looking for a FHA 203k mortgage in Texas, you have come to the right place.  The FHA 203k is a mortgage aimed at financing in the improvements to the property into your loan.   This is perfect for homes that otherwise would not get financed due to work that needs to be done.  Or poss...
By Jay Beckingham, "I love first time homebuyers"
(Premier Nationwide Lending)
Comments 2
Did you know that Florida Housing offers a program entitled "Military Heroes?" Well they do, and guess what? the rate is lower than the rest of their programs Most Housing Authorities offer programs exclusively for first time home buyers, but when it comes to our Veterans, that condition is waive...
By Maggie O'Connell, Experienced Reverse Mortgage Professional
(The Federal Savings Bank, Reverse Mortgages)
Comments 0
Reno - Sparks Adult Communities See Buyers Utilizing Reverse Mortgages to 'Buy Up' Links to Active Adult Senior Housing Communities in Reno - Sparks & Northern Nevada (below) When buyers search for the home of their dreams.... it's most likely above their price range.  That's when the Home Equity...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 13
       “Lenders that Offer Construction Loans”   We are often asked to supply a pre-qualification letter to lenders that offer construction loans, but they don’t offer the end loans. For us, that works just fine as we don’t offer any construction loans.   Shane was given a building lot by his gr...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 25
                                                         “VA and FHA Streamline Loans”   Doing a VA or FHA streamline loan is a no brainer 90 percent of the time. No appraisals are needed and no income or job history is required.. I’m not kidding. Closing costs are minimal; often a credit from th...
By Bob Elliot
(RE/MAX Advisors)
Comments 0
Last week's economic reports included reports on new and existing home sales and FHFA's monthly home price index for properties associated with Fannie Mae and Freddie Mac mortgages. The details: New Home Sales Surge, Existing Home Sales Drop   According to the Department of Commerce, new home sal...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 27
“Three Florida Mortgages Later and Now a Fourth”   “Thank you, you are always so happy and helpful. God knows you were my financial saving grace leaving Florida.” Lee   Lee and her husband are leaving Houston and moving back to Sarasota, FL. I have been working with her, some of her other family...
By Victor Amadi, Greenville SC Realtor - Greenville SC Homes for Sale
(PRODUCER Realty LLC - Greenville SC Real Estate)
Comments 0
Listings to Leads - eFlyers   Beautiful 5 bedroom, 3 Bath home for sale in Simpsonville, SC !     Price Reduced!       Follow This Home! Schedule a Showing/Request Info Simpsonville SC Homes for Sale Mauldin SC Homes for Sale Greenville SC Homes for Sale Fountain Inn Homes for Sale Greer SC Homes...
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 10
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 John Meussner, Making Mortgages Easy Costa Mesa, CA 484-680-4852
(Total Mortgage Services, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)
Comments 69
Here a Rush, There a Rush, Everywhere a Rush, Rush          Volume is up.  That means turntimes are up.  Along with stress levels.  Deadlines are approaching everywhere.  The only thing that typically doesn't go up when volume goes up is levels of customer service.  And I don't care if the BBB an...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 12
The eyes are the “windows of the soul”. 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 t...
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 12
Market on the Hump - 3/25/15          Up, up, DOWN.  I've said it before, and I'll say it again until it's no longer true.  Rates go up faster than they go down.  We saw it again as rates improved over the past 2 weeks, to the point where we're once again near historic lows.  The week started off...
By Tom Bailey
(Crystal Coast Realty & Home Services, LLC)
Comments 7
This blog by George Souto is about a change to Fannie Mae rules that is good news for a lot of homeowners. It is really good news for us in Carteret County as we have lots of private roads and shared driveways. Thanks George. Fannie Mae Guideline Change For Properties On A Private Road.  I wrote ...
By MICHAEL IUCULANO, ABSOLUTELY THE FASTEST HARD MONEY LENDING THERE IS
(HANSON CAPITAL GROUP#1115218 #FASTCLOSINGS #STRAIGHTFORWARD)
Comments 3
Fix and Flip Loans – How to Profit You see it everywhere now. Reality television shows are even getting into it. Famous celebrities, coverage on USA Today and CNN, fixing and flipping is the big thing now that the real estate market is turning around. Real estate investors, who are encouraged to ...
By Sarah & Les Oswald, Broker, Realtor, SFR, PMC and Investor
(Eastvale Team Realty & Property Mgmt)
Comments 2
During a purchase or sale transaction, all team players must put 100+ percent of their ability and effort in order to see all parties reach the closing table. One team player...the lender is usually the one who holds it all together. He or she has the power within its little finger. I can't imagi...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 22
Condo Unit Financing Almost Killed Due to Reserve Contribution Last week a loan officer friend of mine contacted me regarding a loan he had in  process.  At the 11th hour, the lender was rejecting the conventional (Fannie Mae) loan based on the association’s contribution to the reserve account.  ...
Illinois, Wisconsin, Minnesota and Florida FHA Identity of Interest Transaction (family member to family member purchase) There's not a lot of information on this topic, so today I thought I would discuss what it is and what it means to you. Not too long ago, purchasing a home from a family membe...