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 29
“Next Time I will Pay More Attention to Your Referral”   I cringe anytime someone tells me they are going to use an agent that has other full time work. I just received an email from a client that just went through this kind of situation. I can assure you, she won’t make this mistake again.   Whe...
By Roy Kelley, Roy and Dolores Kelley Photographs
(Realty Group Referrals)
Comments 0
  Preparing your credit information for a mortgage loan application... Mortgage loan professional George Souto has some good advice for those who have installment loans without indicated monthly payments. Please visit the original blog if you wish to leave comments. Installment Loans Without Mont...
By Eric Boucher, The FHA/VA Condo Project Approval Guy
(ReadySetLoan Condo Team LLC)
Comments 9
Funding the Reserve Account – It’s Not an Expense I think that one of the toughest concepts for folks to understand during the FHA condo approval process is the balance sheet – assets, liabilities and equity.  I am by no means professing myself to be an expert; I’ll get back to you after I take a...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 27
Last Sunday I posted a blog titled "What Is Mattress Money".  In that blog I used a couple of terms I feel I need to further clarify a little more.  Those terms are "Compensating Factors" and "Seasoned Money".   This past Wednesday I provide a further explanation of Compensating Factors, so this...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 27
On Sunday I posted a blog titled "What Is Mattress Money".  In that blog I used a couple of terms I feel I need to further clarify a little more.  Those terms are "Compensating Factors" and "Seasoned Money".   Compensating Factors are probably the more complicated of the two so I will start with ...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 67
Documentation has always been important in the Lending Industry, but most likely it has never before been as important as it is today.   Today it is document, document, and then document some more.  One of the areas documentation has substantially increased is in documenting assets.  If an asset ...
By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
Comments 10
I warned her over and over.  "Don't deposit any money, other than your pay check, into your bank account without calling me first." No matter. one day prior to settlement when the loan processor got their final bank statement update, there it was.  A $750 deposit with no documentation, no previou...
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
Weekly Wrap - Your Mortgage Market Update     October 13-17, 2014          Go home traders, you're drunk.  Columbus Day is NOT that kind of holiday.  I feel like I've used "volatile" to the point where it doesn't get the point across.  Pardon the language, but to really express this week, I feel...
By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
Comments 2
Each and every week, there are things going on that impact housing news and the real estate market. Sometimes there are big changes to federal and state policies that impact the distressed property world. Other weeks, there is business news and distressed property news about government programs f...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 1
When you buy home - if you need to borrow some money, they are defined specifically by the lenders. Here's a re-blog from George Souto - the second definition in the series - Compensating Factors. On Sunday I posted a blog titled "What Is Mattress Money".  In that blog I used a couple of terms I ...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 0
When you buy home - if you need to borrow some money, they are defined specifically by the lenders. Here's a re-blog from George Souto - the first definition in the series - Mattress Money. Documentation has always been important in the Lending Industry, but most likely it has never before been a...
By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(Keller Williams Realty)
Comments 1
When you buy home - if you need to borrow some money, they are defined specifically by the lenders. Here's a re-blog from George Souto - the third definition in the series - Seasoned Money. Last Sunday I posted a blog titled "What Is Mattress Money".  In that blog I used a couple of terms I feel ...
By Claude Labbe, Realty for Your Busy Life
(Real Living | At Home)
Comments 1
  A local r.e. speaker who I know recently wrote this story on housing & tax codes. I'll stay on the realtor side, and leave the economists and those steeped in the arcane tax codes of our country debate how to best get to a solution. But from a realtor perspective, it seems that many people are...
By Troy Erickson, Your Chandler, Ahwatukee, and East Valley Realtor
(Diverse Solutions Realty www.ChandlerRealEstate.weebly.com)
Comments 8
David has shared some excellent advice for anyone who is considering buying a home and needing financing for their purchase. These three pieces of advice can not only prevent new homeowners from financial hardship, but could also save them thousands of dollars in interest over the years.  When yo...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 14
This blog is the second of three blogs on Gift Funds.  In the first blog I covered  Who Is An Acceptable Donor To Provide Gift Funds For A Mortgage?  In this second blog I will cover the Gift Letter Form & Gift Funds Documentation Required, and the third blog will be on Gift of Equity. Gift Funds...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 27
  Getting married to the one you love is a great experience.  And living together you learn all the great things about them such as: their snoring, not putting down the lid, having to repeat yourself a million times and this beautiful list goes on……  I am kidding with that this comment.  But when...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 59
“Credit Report Shows a Vehicle Charge Off”   This is what showed up when I ran a credit report. The prospective borrower told me she has contacted the creditor many times and the answer was the same. We will not discount the debt, pay us the balance we show as due. She always asked can I get an a...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 35
“I Filed Bankruptcy in 1989”   I’m sorry, I couldn’t help it, I had to ask. Tell me how long you have been telling this story? He told me that he didn’t understand my question.   OK, I get the filing BK part, but that was in 1989 and that wiped out, all of your outstanding obligations, which mean...
By Andrew Mooers, Northern Maine Real Estate-Aroostook County Broker
(MOOERS REALTY)
Comments 7
The days of nine and five, being a real estate listing gatekeeper of information are long gone. Full throttle, nothing held back for when the property buyer is ready, willing, able. To pull the trigger and head to the real estate check out. Or just wants to see what is out there. To dip the toe i...
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
New Fannie Mae Guidelines - DU 9.2        There is a new version of Fannie Mae's automated underwriting system (AUS) coming out, and as of December 15 all new loan files packaged for Fannie Mae will be run through this new system (version 9.2).        While most guidelines remain in effect, and t...