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 George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 20
The Connecticut Housing Finance Authority (CHFA) is Connecticut’s Premier Mortgage Loan Program for “First Time Homebuyers”.  CHFA is a Quasi Government Agency that provides a 30-year fixed rate Mortgage Program, with an interest rate below comparable market rates.  However, CHFA has always just...
By Neil Coleman
(First Midwest Bank NMLS#143306)
Comments 1
Not much movement in Mortgage Bond prices Wednesday as they ended near unchanged and traded in an extremely tight range during the session. A not-so-good reading from March Housing Starts and Building Permits were offset by a rise in Stocks prices. The 4% coupon closed just near unchanged at 104....
By Bruce Walter
(Keller Williams Realty Lafayette/West Lafayette, Indiana)
Comments 21
    Social Security Administration using the IRS to seize tax refunds on alleged overpayment long ago.   I am just fine with my tax dollars going to support our federal government as I can't afford to hire an infantry division to keep Vladimir Putin out of my backyard, or pave the roads so I can ...
By Bob Thompson, Commercial & Residential, ALT-Doc & Stated Income Loans, (562)344-LOAN
(RMF Lending, Inc.)
Comments 0
Stated Income Verified Asset HELOC for Owner-Occupied, Second Homes and Non-Owner Occupied SFR's, 2-4's and Condos.720+ FICO needed. (For Self Employed or W2'ed, No 1099s) SIVA Home Equity Line of Credit (HELOC) - up to 50% CLTV - Loan amounts $150,000 - $500,000. 50% LTV to $2,000,000 Owner Occu...
By Maria Gilda Racelis, "Your Goal, My Goal. We Can Make it Happen."
(Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington)
Comments 2
Worrying about where to get your down payment from to obtain your first home? There is great news for all the qualified candidates. Read this blog to get more information or contact the author of this article.   The Connecticut Housing Finance Authority (CHFA) is Connecticut’s Premier Mortgage Lo...
By Brett Sampson, Texas Lender
(Berkshire Lending, LLC)
Comments 0
When you buy a house there are three sets of costs you will incur (other than your down payment)… 1) Closing costs. These are mortgage company fees, title fees, appraisal, survey, recording fees, etc. Typically these fees will add up to around 1% to 2% of a loan. 2) Prepaid taxes. For a purchase ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 21
“Credit Report Shows Two Late Payments in the Last 12 Months”   The client sent me evidence that neither payment was 30 days late. He gave me evidence that both payments were received by the lender before the end of the month and yet the existing servicer shows that both payments were late.   The...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 6
“Fees Charged by Fannie Mae & Freddie Mac?”   When the bailout was done for Fannie and Freddie, immediately when that was done, both increased the fees that consumers paid on their mortgages. All these fees resulted in higher rates to the consumer.   Fannie and Freddie have paid back all the bail...
By David Krichmar, DaveYourMortgageguy.com
(www.DaveYourMortgageGuy.com, FHA, VA, USDA, HomePath, Jumbo)
Comments 0
Conventional 30 year Mortgage: 4.5% Credit score:740 LTV:80% Loan Amount:$200k APR: 4.79% FHA 30 year:4.25% Credit Score:640 LTV:96.5% loan amount:$200k APR:5.87% Conventional 15 year:3.625% Credit score:740 LTV:80% Loan Amount:$200k APR:3.82%   Rates are Subject to Change Call me today if you ar...
By Bill Ladewig, Your FHA Guru - FHA and VA Loans Since 1970
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY April 16, 2014  8:00 AM PST  Click for Updated Lock Advice     LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice: LOCK The cost for a 4.00% rate based on Mortgage Backed Securities is up 0.15 point. 30 Day Mortgage Interest Rate Lock or Float Ad...
By Dennis Dahlberg
(Level 4 Funding )
Comments 0
Hard money loans are something that people are afraid of, but they really should not be at all. Why? Because despite the tough name, hard money loans can actually help a person out. Those who have been touched by the bad economy might have some fears about their credit score affecting any chance ...
By Bill Ladewig, Your FHA Guru - FHA and VA Loans Since 1970
Comments 0
MORTGAGE INTEREST RATE LOCK ADVISORY April 16, 2014  2:30 PM PST  Click for Updated Lock Advice     LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice: LOCK The cost for a 4.00% rate based on Mortgage Backed Securities closed up 0.01 point. 30 Day Mortgage Interest Rate Lock or Floa...
By Neil Coleman
(First Midwest Bank NMLS#143306)
Comments 0
The Mortgage Bankers Association reported today that its Market Composite Index, a measure of total loan application volume, rose by 4.3% in the latest week after four straight weekly declines. The refinance index gained 7%, while the purchase index squeaked out a 1% gain. The refinance share of ...
By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
Comments 21
“Co-Signing a Mortgage”   I was contacted by a client of mine a few years ago. He called to discuss his daughter’s request to have him co-sign a mortgage for his daughter. I asked a number of questions and based on the answers, I recommended that he not co-sign the mortgage. He asked if it would ...
By Mike Bjork
(FirstCal 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 Steve Reed, Steve Reed Branch Manager | Benchmark Home Loans
(Benchmark Home Loans)
Comments 0
The Mortgage Bankers Association reported today that its Market Composite Index, a measure of total loan application volume, rose by 4.3% in the latest week after four straight weekly declines. The refinance index gained 7%, while the purchase index squeaked out a 1% gain. The refinance share of ...
By Aaron Norris, MBA, APR, Hard money lending and real estate investments.
(The Norris Group Hard Money Lending)
Comments 0
California hard money loan closed in Riverside, California. California trust deed at $210,000 at 12% on Sun Haven Way investment property. See more at http://ow.ly/vPrMO For more information about The Norris Group's California hard money loans or our California Trust Deed, investments, call our o...
By Jeff Jensen
(Annie Mac Home Mortgage)
Comments 0
Mortgage backed securities (MBS) closed down 6 basis points today at 104.41 having fallen down to land squarely at the resistance offered and that level and remained just above support offered by the 50 day moving average.  MBS bonds did well to lose so little ground today in the face of rather b...
By Wayne Johnson, San Antonio REALTOR, San Antonio Homes For Sale
(Coldwell Banker D'Ann Harper REALTORS®)
Comments 17
You Can Buy a Home With Poor Credit-It Just Costs MoreYou can buy a home with poor credit scores but you pay more for the privilege. There is a FICO score, 620, below which most lenders will not go. Lenders have lots of data obtained over the years that shows the relationship between credit score...
By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut)
Comments 27
A recent announcement about Debt-To-Income Ratios (DTI) being reduced to 43% on all Loan Programs has created a lot of concern throughout the Real Estate related industries.  In a letter dated December 18, 2012, by Acting Assistant Secretary for Housing, Federal Housing Commissioner, Carol J. Gal...